Monday, July 28, 2008

Bob Barr: Freddie Mac/Fannie Mae bailout added to U.S. debt

Your share of the debt is about to climb another $1,300. And that’s on top of the more than $31,000 you already owe! Congress is dealing with the housing debt crisis by bailing out two private lenders known as Freddie Mac and Fannie Mae. The bill - and that’s exactly what it is - is a bill you are going to be expected to pay, is $400,000,000!

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