Economic Disasters of the Global Commie Unionist Corporate Criminal Regimes ;

Greece's recent escapades in
economic disaster are a sobering
example to the United States of the
consequences of allowing government
spending to far exceed revenue.

But though Americans' concern
regarding the financial outlook of
the federal government grows,
those with the power to act
seem largely unaffected.

The International Monetary Fund
(IMF) recently released a report
that the United States' debt could
surpass 100 percent of Gross
Domestic Product (GDP)
as early as 2015.

According to the Hill,
"The IMF predicts that
the U.S. would need to
reduce its structural deficit
by the equivalent of 12% of
GDP, a much larger portion
than any other country
analyzed except Japan.

Greece, in the midst
of a financial crisis, needs
to reduce its structural deficit
by just 9% of GDP, according
to the IMF's analysis"
http://blog.heritage.org/2010/05/17/can-u-s-avoid-grecian-disaster-if-washington-is-asleep-at-the-wheel/

Commies Freddie Mac & Fannie Mae
of the Global Commie Unionist Corporate
Criminal Regimes :

The financial regulation bill
does nothing to fix the problems
with Freddie Mac and Fannie Mae,
both of which A) played a major role
in the meltdown of 2008 and B) are
asking for more money.

Ignoring
Fannie and Freddie
would be a huge mistake.

More than a year after going into
receivership, they still dominate the
housing finance market by buying
mortgages from lenders, packaging
them into bond issues, and then
reselling them to investors worldwide.

Last year,
the two financed or backed about
70% of single-family mortgage loans.

They hold about $5 trillion
in their investment portfolios.

Most importantly :
Both are losing money fast,
with those losses being covered
by the U.S. taxpayer.

About a week ago,
Freddie announced it had lost
$8 billion in the first quarter of 2010
and would be asking for another
$10.6 billion in taxpayer help.

Not to be outdone,
Fannie announced an
$11.5 billion loss and
asked for another $8.4
billion from taxpayers.
http://blog.heritage.org/2010/05/17/deal-with-fannie-and-freddie-now-or-well-pay-later/