The Current Crisis:    

The Bush administration is proposing that the government deficit spend another 700 billion dollars of taxpayers money and buy all those worthless loans.   The nation is already excessively in debt from previous government deficit spending.   Two  logical questions to ask are:   "Are there any alternative solutions?"   Are there any additional solutions? 

 Fix  the Debt Problem with More Debt:    

When you examine the proposed solution to our financial meltdown , you see the government's solution to our excessive debt problem is to double the debt.    This is classic short-term thinking.   700 billion dollars dumped into the economy will, in the short-term, appear to have solved a major portion of  the problem.   In the long-term, it will actually make the problem much worse.   

"You cannot fix a problem with the same practices that created the problem."   More of the same and the same thing harder are tools of failure.   Fixing that which is broken rarely ever works.   The financial system is severely broken.  It needs to be replaced, step at a time,  with new systems that accomplishes the goals we are intending to accomplish.   

 What Are the Goals?    

To the question, what are our goals, we hear generalized answers like: "A stable economy."   "To take care of the people."   BUT . . .   When one gets specific:

It's all about borrowing money.   For people to be able to borrow money to buy cars and homes;  for small businesses to be able to borrow money to keep their businesses running;  for banks to be able to borrow money from each other;  for students to be able to borrow money to attend college.   Borrow,  borrow,  borrow!  

Being able to borrow is at the core of the problem?   It's not the solution.  With every borrower, there must be a lender.  This brings up a serious question.   Who has all that money that everybody is borrowing?  And whose taking in all that interest money that everybody's paying?  We'll address these questions on another page. ^**fb4  In the mean time, we need to focus on getting beyond the present financial crisis.  

What else could we do with 700 billion dollars?  

NCW's  Win-Win Business Structure:  What if  some of that money were used  to correct one of the nation's core financial problems, the problem of excessive corporate debt?   Lending money to  foundations that are building The New Corporate World Foundation's Win-Win Business Structure  ^**2  would be a big step in reducing corporate debt.   It would also expand the focus the corporations that adopt the NCW's Win-Win Business Practice.  The present focus on profits at any price would be expanded to also include the the well-being of the corporation's employees, its customers, and the environment.   

Non-profit Home Loan Lending Foundations:    What if a non-profit foundation were set up in each county in the United States and those foundations were expressly designed to provide loans to local home owners facing foreclosure.   What if some of that 700 billion dollars was loaned to assist homeowners facing foreclosure?  

These two proposals, if and when implemented, would make significant steps toward resolving our financial crisis.   They would empower the people.    They are both relatively simple and easy to implement.  For an in-depth look at the problem and some possible solutions, please go to the three web pages indicated in the next section below.