Reformat Text for Blog

I wrote this for my blog. I have my blog set up so that I need to change all of my opening and closing tags (< >) for html elements to their html entity name element (&lt; &gt;). This can be done with a few lines of javascript.

$(function(){
 $('#cleanFormat').click(function(){
     $('#text').val($('#text').val().replace(/</g,"&lt;")); 
     $('#text').val($('#text').val().replace(/>/g,"&gt;"));
 });
});

To see an example of this follow this link.