I wonder:
* How many colleges and universities could survive as currently configured without Federal loans, grants and aid?
* How many foreign governments and militaries could survive without aid from the United States?
* How many hospitals or other medical practices could survive without Medicare, Medicaid and other payments from the central government?
* How many state governments could survive as currently configured without Federal money?
* How many businesses in the DC metro area would collapse if defense and other Federal spending were drastically reduced?
* How could the housing market survive in its current form without government assistance?
I could go on. The tentacles are everywhere.
I read just last week a statistic that now 92% of all new home mortgages are backed by Fannie Mae and Freddie Mac. This scares me. We’ve been building a lot of foundations on some very unstable sand.
I read that same thing. I feel like it will all come crashing down someday.