Politicians return to Washington in two weeks to decide what to do with the unusually large number of would be borrowers without access to credit at an affordable interest rate. The abrupt surge in the number of borrowers below the credit divide set off a deeper recession that has not yet hit bottom. Every public dollar given or lent to those who can not repay it will minimize the depth of the recession but will slow the following economic recovery by reducing credit available for private investment and boosting future inflationary pressures. This is a dilemma. Do we minimize the pain of our neighbors or do we let the market default overextended borrowers, get the problem behind us and move on?

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