Budget fun

Subject: txt mny crpt libs -
There’s a new, new math in town. Now that the government’s mortgage giants, Fannie and Freddie, are flat broke, why doesn’t the president add their $5 trillion mortgage-backed debt to the National Debt?

This Monday, February 1, the president published the federal budget for the fiscal year 2011 starting October 1. In that budget the feds will account for the bailout of Fannie and Freddie. But the cost will not appear in the headline number of $3.8 trillion in spending. Instead, Obama’s guys will sneak it into the outlays for the recently concluded FY 2009. Why?

No reason give.

The only place you will be able to see what really happened will be usgovernmentspending.com, which is not a government website...

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