Will U.S.A NATIONAL DEBT double with the addition of fannie and fred?

Question

5 trillion more debt...not good

Answer 1

No...this debt only becomes national debt if every mortgage holder guaranteed by the two agencies was to default - highly doubtful and if that happened, we would have much more to worry about.

However, there is a chance the two agencies will be on the hook for a goodly sum (more in the range of billions of dollars).

Answer 2

IT most likely will, since the funny money the Fed needs now has to be borrowed from China, Japan and Europe and paid back by us, the Tax payer.

We are already on the hook to pay back 10 Trillion wich is about 1 Trillion interest a year, or 35% of our entire taxes.

Another 38% goes for senseless wars and military, which leaves just enough to pay the Government employed their wages.