It's a simple problem blown out of proportion. We are in this mess because we spent money we didn't have. You can't solve this problem by spending money we don't have. Simple.
If you run your credit cards up so high that you can't pay your bills, writing checks with no money behind them does not solve your problem.
The Government is trying to keep this bomb from going off. The only problem, is it has already gone off. You can't step in after the fact, and fix things.
You fix the government like you fix your own problems. Stop spending money, try and get a loan (from other countries), and start paying off the deficit. When you bring in more money then you spend, you then have the option to bailout sectors of the market. When you are not responsible with your money (like the feds), you don't have this option. Making money out of nothing to pay off a debt is always a bad idea.
Oh, and for those that might not know. The reason the figure is 700B, is because that's all the money the Treasury is authorized inject into the economy at one time. I am sure if this passes, we will be spending a lot more then 700B.
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