Johnson's decision to put Fannie Mae in private hands was not based on conviction, philosophy or anything positive. It was done to get the increasing Federal indebtidness "off the books" so he could spend huge amounts of money on social programs that most of his party demanded, and on war in Viet Nam at the same time, without exploding the National Debt.

When you look at graphs of which president ran up "how much" National Debt, you start to see that the numbers have been doctored. The last 1.5 trillion, TARP and the "stimulus package" will be blamed on George W. Bush. In the Stimulus Package actually raise the Debt limit to 12.1 trillion in a provision within the bill itself.