U.S. National Deficit $7,154,081,226,140 Deficit Increase Total for Friday $260,518,040 Deficit Increase Total for April $32,278,666,933 http://www.capitalupdates.com/news/.../1082043081.php Overall household debt is $9.4 trillion, of that $6.7 trillion is mortgage debt and $745 billion is credit card debt. Borrowers have little or no savings and the delinquency rates are high at 2.68%. If cardholders miss a single payment, their 3% interest rates immediately jump to 18%, which just about buries them. Another factor is rising interest rates that are just around the corner. Bankruptcies nationally are already at record highs and those seeking credit counseling are becoming an epidemic and rates havenât even moved up yet. This time the elderly are going to get hit very hard. Try living on $800.00 a month from Social Security when you are in your 80âs with $8,000 in credit card debt. It is not a pretty picture and it will get worse. Consumer credit grew $4.2 billion in February or at a 2.5% annual pace to $2.02 trillion. Auto loans were up $2.6 billion and revolving credit and credit cards rose $1.6 billion. They just keep on piling it on. The overseers of Fannie Mae and Freddie Mac want them to provide more liquidity in the home-loan market so that homebuyers across the country have access to mortgages and to promote affordable housing and homeownership for lower income Americans. Both agencies are virtually giving away homes to people who have no financial qualifications to own them, and these idiots want them to just give everyone a home. Of course, Fannie and Freddie are overjoyed. They believe because 75% of white Americans own homes every minority and illegal immigrant should also have a home. This is just another redistribution of wealth and an increase in our debt burden. When this thing collapses it will be a nightmare as all these people lose their homes. Wal-Martâs rock bottom wages and benefits cost taxpayers hundreds of millions of dollar a year in basic housing, medical, childcare and energy needs that the retailer fails to properly cover for its employees. More of their employeesâ families are on welfare, then any other company in the county. They have created a major burden for the taxpayer. Wal-Mart is also the largest importer of Chinese goods, some 10% of their exports. Fifty-three percent of Wal-Martâs clothing comes from China. Wal-Mart is Americaâs largest corporation and is a black stain on our economy.