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Monday, March 12, 2012

YOUR OFF-BALANCE SHEET DEBT

If you think the National Debt is really $15.5 trillion, think again. Obama and his monions guarantee another $9 trillion of debt with your tax dollars. They are actively pushing more debt on deadbeat home buyers and students with no hope of finding jobs. The chart below excludes the $6 trillion of mortagages guaranteed by Fannie Mae and Freddie Mac. We all know how well those two fine institutions are being run. They’ve only lost $200 billion of your tax dollars in the last three years.

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