Tax revenue as a percent of GDP is one metric many use to gauge how much corporate income tax revenue the United States is raising. The advantage of this metric is that it controls for the size of the economy and gives...
- The Tax Policy Blog
- Fannie, Freddie Woes Predicted Long Ago
Fannie, Freddie Woes Predicted Long Ago
See page 3 of this old scanned-in Tax Foundation newsletter to see the prescient, plain-English piece he wrote in 1989 about the alarming debt of Fannie Mae, Freddie Mac and other so-called government-sponsored enterprises.
It'll be no surprise to Prof. Schick to be reading almost 20 years later today's articles about the debt-related woes of those unsound institutions:
BusinessWeek: "Fannie, Freddie Resume Their Free Fall"
We can only hope that Congress and the Administration ignore the bailout pleas of the special-interest crowd, exemplified as usual by the Realtors' chief economist Lawrence Yun: "Just given the size of the two companies, surely the government would not stand aside."
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.