Yeah... I used to be in that camp for a while but abolishing the Fed won't fix much in the short term and it certainly won't relieve us of debt, though it will allow us to turn over money power to "less secret" authority. From there it is a matter of trust and bureaucracy all over again. The Fed may go away but how do we ensure the resulting controlling body does anything differently?
My theory on the debt is we are just going to accrue it without pause and when collection time comes we're going to just screw over the world.
It's either that or we can change our name to the United States of China.
Far as the economy, while I'm not going to just ignore all the "bankers caused economic crashes intentionally" conspiracies I do know there are a lot of other new problems in the world that have all sort of come onto the scene in a relatively short period of time. It's very difficult to adapt when the majority of modern society on the planet is reliant on stability and infrastructure that was not really designed to cope with dramatic change.
The housing bubble is certainly not the last one we'll see this decade.
Personally I have been welcoming the recession because I see it as the primary engine of change. We need to have problems so we can come up with new solutions otherwise we just get complacent.
I think sustainable energy is more important than ever and if we as a country can get solutions prioritized, standardized, and subsidized our confidence as a nation will no longer wane. From there it's as simple as pushing the accommodating infrastructure that is designed to make use of those solutions, but as long as people and corporations keep pinching pennies and putting profits ahead of a stable future **** isn't going to get done.