The current and prior administrations have appropriated money freely toward the cause of economic rescue. It’s the one true thing that warrants it. The risk that has accumulated is from their spending record and plans.

Tossing a trillion dollars out under the stim_u_less idea and waving it off as just a first try – we’ll throw more money later on too – was not understanding there has to be an awful lot more global interest in owning treasuries, for long periods of time.

Somebody has to buy the droves of debt we want to print and that means they’d have to believe we were directing it incisively and accurately at the problem. They’d expect the utilization rate of every dollar to be high.

Europe’s out. They’re not buying our bonfire of money approach toward rescue and recovery. The B R & I in the BRIC economic theory are fiscal adolescents (Brazil, Russia & India). They have limited interest and means. It’s China & Japan that would have to really want to think a paltry interest bearing, long term government promise to pay - from the place with all the broken banks, job losses and debt-bloated consumer/taxpayers – was a sage idea to invest heavily in.

The bottom falling out of that plan leaves the question…who’s buying what we’re selling?

That gets us to the “Buy Bonds” days of WWII, without the war. The government turns to society to put their savings into the grand plan of rescue and recovery. Otherwise, they would have to take it from society with taxes, which would contract GDP further.