China owns some ungodly amount of Fannie and Freddie's loan base, something like $387 billion (of securities, mind, but that still translates into monies due at some point).

And:

40% of the mortgages in the U.S. are owned by Fred and Fan. FORTY PERCENT.

That would bring about economic collapse.

So think about this: if the government doesn't promise that Fan and Fred remain liquid, what message does it send to the international community? The international community we repeatedly whore our currency to? Yeah, those people.

So prepare for that big ole TAX INCREASE, because while those mother fuckers bought themselves luxury homes, expensive clothes, and rolled around in caviar naked while fucking the Swedish Women's Ski Team, you and I, and our children, and our children's children, are going to be sitting on top of what I estimate to be a 4 - 9.5% base increase in our federal income tax - FOR THE REST OF OUR WORKING LIVES.

Oh, go suck on an egg.