I am sure you have all received an email about "The Birk Plan" by now, and hopefully have either "done the math" or did a search to counter it and found out the glaring error in the "plan". If not see this post ... then continue - be sure to read the other links in that post to get the background.
Ok, aside from the math, there is one other glaring problem. This "plan" even if the math was right, wouldn't solve anything. This is a major part of the problem. People do NOT understand what the problem really is, how it was caused, or why a "bailout" (which is really NOT what is on the table) is needed. Now I am not claiming that I understand any of this either, but I DO understand that there is a LOT of misunderstanding and misinformation floating around out there.
Here is a link that I think gives a pretty good explaination of where we are and how we got here. How it all happened.