Bankruptcy in Amercia

There is only one thing keeping the good ole US of has been's from being bankrupt:  The world's currency is the dollar.  We can't go down without pulling the world down.  10 trillion dollars.   10 trillion dollars.  What are we thinking. What happened to the Republicans who watch the budget.  Oh yea, Jevohah Bush and Holy Ghost Chaney.  What is American thinking.  We are fighting a war we can't afford.  We are buying energy on credit.

My daughter tried to apply for a loan to pay for college.  No loans for college.  What is America thinking to let college costs get away from us.  This is our children's future.  The democrats can't get off the hook either.  They are spending just as fast as the Republicans.  However, you just have to pick one to punish so they get the point.  I suggest the Jehovah Bush party.  Besides, I don't want Pallin learning on the job with the world going down the tube.

There is only one thing I don't understand, well, one thing that is obvious to me, that I don't understand is this: why is the world, especially China and the Middle East Countries (with the possible exception of Saudi Arabia) loaning us -- Amercia the broke -- more money?  And, who else has money to loan us money.  India, a few other Asian countries perhaps, but who has the kind of money that we need to borrow.  Who is buying up the U.S. Treasuries.   Who still thinks our money is as good as gold.  Is this global delusions?  I don't get it.  We are not good for it .... We are broke as credit card laden Americans and as a war broke country.

Let the Vengence Be Mine, saith the Market

Financial panic.  The only thing we have to fear is fear itself.   Despite what everone is saying, the only thing that can cause a financial collaspe is if the public, the American Public panics.  In past crisises, it is the American Investor that has remained calm and considered the panic of the few the time to buy stocks.  The key word is the panic of the few.  

Our President, Jevovaha Bush, has not done a good job presenting his recovery package.  Can someone please tell me exactly how it is going to work instead of "if we don't do this the sky will fall speach."  

My solution is simple.  Give anyone with an adjustable rate mortgage the option to buy a 3% fixed rate loan for five years from Uncle Sam.  At the end of that time, they have to arrange for a new loan, well after the panic, under whatever terms they can negotiate.   Fix the core problem, the banks will stop bleeding, and the strong will survive.  

Second, raise the amount of money insured in a bank from $100K to $250K.  

Aside from that, deal with each bank with the Fed on a case-by-case basis just as we have been doing.  Let the bigger and healthier swallow the weak.  

I need to understand why this simple approach will not work before I will personally support a bailout of banks and institutions that screwed up.  Let the vengence be mine saith the market.