- Consequences of creating a trillion? Economic policy is largely driven by political necessity. During the Great Depression, FDR's policy was based on Keynesian economics. Keynes aside, FDR tried everything to alleviate the suffering of the people, because the danger was not in implementing the wrong policy, instead the danger was in doing nothing. Later, the "Austrian" school of Monetary theory was popular where it prescribed increasing the money supply to pump up a troubled economy. During the last financial crisis, Obama's administration prescribed "Quantitative Easing" where the government bought the junk to keep the big banks solvent. The big banks were "too big to fail" and had to be rescued. The consensus of the last ten years is that "Quantitative Easing" restored the financial health of the elite and the corporations, but the middle class is still left behind.

- Assets that they are buy? The idea is to keep the banking system solvent and to prevent a domino effect where the liquidation of one big bank will result in a run on other banks. The big banks got into trouble because they took depositors money and invested in junk which went belly-up. The federal government insures everyone's bank deposits; if the banks went bellied up the FDIC would have to pay out. Better that the banks stay solvent.

- There are cases like Greece defaulting on its international loans. The EU forced Greece to agree to an austerity plan lowering Greece's payments if Greece changed its national spending which is deeply unpopular in EU and Greece. But there is no other alternative. Well the alternative is what happened to Weimar Germany after WWI: hyperinflation, economic destruction, and the longing for a savior.