If they shoulder too much debt and risk directly, wouldn't that be devastating for the dollar?

It will shore up short term stability and create more false confidence, thereby further deteriorating long-term stability. And that goes to your question about dollar stability. The dollar will be irrelevant because, in my opinion, this is a controlled crash meant to render the dollar a thing of the past. This is what the Fed and the Neocons have been doing for the past 7 years, all the while continuing to rubberstamp both the Left's and the Right's wasteful spending and placing more burden on the economy. But they do not want to create pain so they artificially stimulate individual...

If they shoulder too much debt and risk directly, wouldn't that be devastating for the dollar?

It will shore up short term stability and create more false confidence, thereby further deteriorating long-term stability. And that goes to your question about dollar stability. The dollar will be irrelevant because, in my opinion, this is a controlled crash meant to render the dollar a thing of the past. This is what the Fed and the Neocons have been doing for the past 7 years, all the while continuing to rubberstamp both the Left's and the Right's wasteful spending and placing more burden on the economy. But they do not want to create pain so they artificially stimulate individual's confindence by tax cuts, which always provide some stimulus, but stimulus packages always have to be paid for in the end. That is why taxing income is so hurtful to the economy in the first place.
I remember hearing about a 2 years ago that an agenda had been formulated by the Neocons to create a wothless dollar for the purpose of creating a new currency based on some tangible measure, for example the gold standard. As I have watched the past 2 years it seems to me that all these actions events have unfolded intentionally. I just cannot rationalize the apparent incompetence any other way, because I know they are not incompetent. Their Neocon's ability to weild their will should make that apparent.