Why not try this Bipartisan plan, it works for me and it is $85 Billion vs $750 Billion?
I’m against the ,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving ,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.
So divide 200 million adults 18+ into billon that equals 5,000.00.
My plan is to give 5,000 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.
What would you do with 7,500.00 to 5,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can "never work."
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
This plan would only cost 85 Billion vs 750 Billion for the Congress Plan, Congress has already proven they can’t solve the problem, I think we should try this, it is a deal. The hell with AIG and their incompetent and corrupt CEO’s.
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7 comments
BIGG JRODD 44 on August 8, 2009 at 8:00 am
I would much rather see the American people get some help rather than the Billionaires who screwed it all up in the first place
unfortunately though this plan would not put money in any of the politicians pockets so it would never pass but this is a far better and more planed out approach then the so called experts worked out
Lou G on August 8, 2009 at 8:00 am
Creative guy?
Creative math, anyway.
85 Billion divided by 200 million is $425.
Not $425K.
Just $425.
I like the effort, though.
Ben on August 8, 2009 at 8:00 am
Send this to congress………RIGHT NOW.
Great.
Miss. Lovely on August 8, 2009 at 8:00 am
sounds good to me
shaolinthemple on August 8, 2009 at 8:00 am
Interesting out of the box thinking, even though you math is a bit off
You have to understand, you cannot liquidate AIG when it insures thousands of banks workwide and protects them from defaults. It will make a lot of banks feel naked and more exposed to risk. Also, what happens to the securities backed by risky MBS? We need to deal with that issue to make the markets more liquid.
Jupiter Ceasar Leprechaun II on August 8, 2009 at 8:00 am
good idea i need to keep my only house dont care if some stock swine looses his 9th one
Dud B on August 8, 2009 at 8:00 am
sounds good to me, we need it more than they do, wish this can be sent to congress, just got to get the math togather a little bit but it might work