Tag Archives: Federal debt

The AIG Debacle – A Precursor to U.S. Federal Budget Woes

When will we learn?  Will we learn at all?

Fannie Mae, Freddy Mac, and AIG should be a lesson for us all – too much debt can wipe you out in a bad economy.  They needed major infusions of cash to save themselves. 

The United States is currently running a $10 trillion debt.  Who will save the United States if the government cannot pay off its debts?  What will happen to American sovereignty?  Why is the debt not being addressed by the media nor by the presidential candidates.

We need a balanced budget.  The best way to balance the budget is to cut spending.  Abolish or privatize all non-essential government services.  The government will be fine limiting itself to constitutionally essential functions.

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Filed under debt, Election, McCain, media, Obama, policy, spending, Washington