“How long until the debt incurred under this program is so immense that it causes a downgrade in the sovereign debt of the USA? What happens to us then?”
I never liked the stimulus program; not because I necessarily disagree with big spending to boost the economy, but because it was so obviously poorly devised.
I like Ben Stein, actually saw him speak last week, but several years ago he did say that subprime was basically nothing and that the housing market was solid. To his credit though, he backed up his opinion with his wallet and took a beating as a result.