Over $60 Trillion in equity has vanished in the US with more to come.... A lot of the losses are still not recognized which are on the books of those who actually purchased the loss ridden debt....still have more to go.... The question now is ..... Who should incur these losses ? Tax payers or the people that bought the bonds ? .................................................................................. The Obama Administration has the idea that tax payers should pay for the losses....in order to protect themselves.... .................................................................................. I respectfully disagree.... Those that bought the bonds....should bear the losses.... ................................................................................ To replace what will be more than a $60 Trillion loss has to come from productive means.... Why? Because "productive" means a robust , true economy.... The Obama Administation is pointing towards a "welfare" economy.... "Welfare" economies simply do not work.... The idea of taxing a diminishing base at an increasing rate is IDIOCY....The first reason being that it is impossible to have a positive outcome.... .............................................................................. .................................................................................