U.S. Taxpayers Owed $42 Billion. The Debtor Is (GM) Government Motors.

• When the citizens owe the government, the IRS is knocking on your door, and will take payment by force!
• Who is going to get stuck with the union pension, when GM finally goes belly up?
• UAW needs to be brought to its knees. 
• GM, once the world's leading auto manufacturing company.

Read an excerpt from Katie Pavlich's report.

President Obama and his supporters have been more than happy to tout his bailout of the auto industry, but General Motors still owes taxpayers $42 billion according to an Inspector General's report and the company's stock has hit an all time low.
GM owes $27 billion on the nearly $50 billion it received from the auto bailout and Ally Bank, the company’s lending arm, owes $14.7 billion of the $17.2 billion taxpayer-funded bailout it received.

• Will China buy out GM? Good luck with that.

Read the rest of the news report and opinion from TOWNHALL by Katie Pavlich.