Economic Options: Why not Debt Forgiveness?

Why not just use “debt forgiveness” instead of all the bail-outs and prospective mortgage saving plans which are more complicated and yet unproven in success rates.

Debt forgiveness has been a proven fail-safe in the past for many nations, including those of ancient Greece and Rome.

Why aren’t Pres. Obama and Congress considering this option instead of throwing money at so many urgent issues. This is NOT positive change as the American people were promised. This is a continuation of the same failed policies of the past 8 years.