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Folks, the Congressional Budget Office now shows that our projected accumulated deficits for the next 10 years – almost $13 trillion – totals up to almost our whole annual national output, our GDP. Now this same political class that has us, our children and our grandchildren swimming in red ink proposes to reform our financial system to make us more safe, stable and secure.

How about the proposed Consumer Financial Protection Agency that will be part of all this reform? Another army of bureaucrats in place to make sure nasty bankers do not abuse us consumers.

But consumers are also citizens, and if our politicians are so concerned about protecting us, why are Fannie Mae and Freddie Mac not even part of this reform package?

It is these government-created entities that bought and insured the lion's share of our mortgages over these years and have done so with we consumers, aka citizens, aka taxpayers, guaranteeing them. Now we taxpayers sit on the hook for trillions of dollars in debt as a result of their follies.

The same politicians who spend our money, who use us to guarantee their trillion-dollar social engineering schemes, claim they are going to protect us?

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