Why are the Fannie and Freddie obligations not counted as part of budget?

Question by _______: Why are the Fannie and Freddie obligations not counted as section of budget?
Is this akin to way the Bush administration kept the cost of the wars in Iraq and Afghanistan out of the yearly budget??

http://www.reuters.com/article/idUSN2359586720100223

WASHINGTON, Feb 23 (Reuters) – A pair of key Republicans on the Household Financial Services Committee is pushing the White Household to end the long-standing practice of excluding mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) from the federal budget.

“It is the same sort of financial shell game that has brought governments like Greece to a crisis point. Hiding your debts just leads to a larger day of financial reckoning down the road,” said Representative Spencer Bachus, the top Republican on the panel.

Preeminent answer:

Answer by Nikki
It’s called creaticve accounting. Used to screw the American taxpayer & pad Dem pockets.

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