This is completely false. It is not the government putting up that money, it is the citizenry of America. This money will have to be paid back, we all know it. If not us, our children, and our childrens children. We, as a nation, are now bankrupt ethically, and financially.
There is a problem with the worlds understanding that this is an American borne problem. It isn’t, plenty of foreign government and private investment gained from the economic boom of the United States. But because the US is the de facto monetary unit, the “fit hits the shan” within our economy first and trickles in every direction from there.
There is something to say about a slow moving government with dozens of oversight checks and balances… they can’t lost trillions of dollars in a quarter. Which is what happened towards the end of 2008.