The Volokh Conspiracy: “describes how most of the NATIONAL DEBT and BUDGET DEFICIT is being FRAUDULENTLY HIDDEN by the OBAMA ADMINISTRATION. . . . Look only at the outstanding debt of these five TARP companies (out of over 600 of them). Citigroup has $1.8 trillion in debt; AIG, $807 billion; Fannie and Freddie, $5.2 trillion; and GM, $10 billion. This means the Administration is hiding $7.8 trillion of the national debt. (As a comparison, Bernie Madoff hid $50 billion in other people’s money and is reviled as the crook of the century. The current administration, by the way, is hiding $7.8 trillion of the nation’s debt.)”
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