Wednesday, May 11, 2011

The Biggest Loser

Can our Government do anything right?


Evidently not...
The national mail service said Tuesday that it expects to have a cash shortfall and reach its statutory borrowing limit by the time its fiscal year ends in September. That means the agency could be forced to default on some of its payments to the federal government
And of course my favorite little Government boondoggle is far from over...
The two companies are expected to cost taxpayers $259 billion by the time all is said and done. Of course, that $259 billion is only to cover bad loans made during the housing bubble, prior to the government’s conservatorship of Fannie and Freddie. However, under the current circumstances, it seems likely that the losses and concomitant bailouts will continue mounting, and someday Americans may look back wistfully upon the day when they thought they would get socked for “only” $259 billion for these two money pits.
This is no longer something to laugh at and just be sarcastic about(but I will anyway) the future of our country is crumbling before our very eyes.
Big Government is our enemy, not our friend...

My 4 day old(yes 4 days old!) Grand Daughter is already in debt!! Ugh.

2 comments:

WomanHonorThyself said...

aw u may hafta fork your money over to your new lil 4 day babe!.Keep the conservative principles my friend..have a super day my friend!:)

Woodsterman (Odie) said...

I have two stories for you ...

I watched a mailman (not PC) in Reno last summer delivering mail. He was driving one of those really new ugly mail vans. He would drive 50 feet to a mailbox, get out, walk six feet to the mail box (3 feet of lawn and 3 feet of sidewalk), put the mail in, turn around, walk to his mail truck, and drive 50 feet to the next mail box and repeat his actions. Do you remember when, in a large city, these guys would drive there own cars to a neighborhood. They would walk and get reimbursed for their mileage on their cars. Put a $30,000.00 truck with every mailman, and of course you're going broke!

Ah Fannie Mea ... There was a house down the street up for action by Fannie Mea. I was there and bid on it. The winning bid was about 2/3 of the original asking price. Fannie Mea turned down the offering bid 2 months later. If they would have excepted this and other bids, just maybe the tax payers would only have to come up $80 billion. I was told by the auctioneer that this was not unusual. You see the dirty little secret is it's all about job security. If their were no houses to sell, they would loose their Gum't jobs.

There are many Gum't stories out there to just really PISS you off!