Our National Debt Just Doubled!

By
Real Estate Broker/Owner with Alpine Real Estate

We Just Doubled our National Debt 

"It's good for us!"  "There was no choice."  "It had to be done." 

Everyone keeps trying to tell me that what was casually announced on Sunday -- when nobody would be paying any attention -- that the government would be bailing out Fannie and Freddie -- would be "a good thing!"

Why do I feel like I just swallowed that yukky cough medicine that my grandmother spooned down our throats when I was a little kid -- the kind that constricted my already sore throat like a really dry wine.

Doesn't it bother anybody else that we just doubled our national debt?

This was so orchestrated it makes me sick.  It reminds me of when Chevron bought Gulf Oil Corporation in 1984.  The board of directors just rolled over and died -- and left all the employees (not to mention the entire city of Pittsburgh) just hanging out to dry while they took their stock options.  Trust me.  I was in charge of the records.  They made lots and lots of money.

Doesn't it bother anyone else that Wall Street's investment bankers are at the helm of our money supply?  There are people making money here and I'm not sure that it is necessarily going to be us Realtors.

Yes, we will sell a few more houses and pull out of the slump when the mortgage rates go down a bit.

What is the real price?

Who is next.  GM? Ford? 

I read the Tough Love book.  I know not to bail my kids out of jail.  This is not a whole lot different. 

We are headed down the road to socialism....   We need more personal accountability and not less.

Now everybody has their hand out.  Like the man with the 430 credit score who called in on a floor call and could not understand why he could not get any credit to buy a house.  People want something for nothing -- and why not?  Uncle Sam will bail us out -- but with what? Money we don't have.

The government just doubled our national debt!  We are now tumbling down the slippery slope at a very fast pace! 

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national debt
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bail out
freddie mac
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Rainer
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Alpine Real Estate

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