Debt perceptionSubmitted by trapfive on Wed, 09/10/2008 - 22:19
It's hard to imagine 10 trillion. I've heard Fanny and Freddie hold about 5 trillion in mortgages and that reprsents roughly half of all the mortgages in the US. That means if you add up all the mortgage debt from the entire country....think about how many mortgages that is. Think about your neighborhood, now think about all the houses.... from Bangor Maine to San Diego California...from Seattle Washington to Miami Florida...imagine if you can the amount of money that is. That's 10 trillion. Now look at our current deficit, fast approaching 10 trillion....and our government makes believe this is acceptable.