The $700,000,000,000 bailout is going to happen

[Spudley]

Shamelessly cut and paste by me.




The Birk Economic Recovery Plan

An outstanding plan!
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I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 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 $85 billon that equals $425,000.00.

My plan is to give $425,000 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 $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 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 $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 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 $85 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 $59.5 Billion because $25.5 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

PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

Ron for President.....

 

[WWJD]

Hey, that is a Bi-partisan plan.

That is basically di*k service from both sides, kinda like in an adult film, when the Pizza Guy & the Plumber (Democrats & Republicans) show up at the door, and the freaky little adult movie star (We the People) answer the door!! Well, you know the rest.

.... AND THEN ? ? ? ....

 

[Copperone]

I'm with Thrasher, but the fat cats are never going to do anything that will really benifit the people who need it.

 

[euroR]

Just make Bush and **** pay out of their own pockets. They collected money from the war so make them pay. Bush messed the economy up so he needs to pay to fix it. And I can believe he is doing this right now that he is almost out of the office. That really shows just how bad of a president he really is.

 

[DaCol.]

Just make Bush and **** pay out of their own pockets. They collected money from the war so make them pay. Bush messed the economy up so he needs to pay to fix it. And I can believe he is doing this right now that he is almost out of the office. That really shows just how bad of a president he really is.

Hummmmmmmmm, and I thought the Democrats had been in the MAJORITY in both the House and Senate for the last TWO YEARS, along with being the HEAD of ALL the Finance and Banking Committees ??? Guess I missed something.

Seems to me that THEY ARE ALL to Blame over this, because since 2001 people have been saying trouble is coming. Ya know, when Congress demanded that the lending markets give loans to unqualified people and businesses, Ya just got to know your heading for trouble.

OH yeah my mistake, I didn't take into account $$$$$ paid to the Politicians from interest groups to do this. HOW Dumb of me

 

[PocketRocket]

I have a few thoughts on all the garbage: 1 this is probably a huge distraction due to the fact we are probably going into Iran or they will make another 911 or something bigger happen . 2 When I was growing up I was tought the COMMUNISM was the opposite of being an American, Americans believe in GOD < Communist believe that everything come from Government, We take GOD out of school, out of the Pledge, we take freedom of speech, and we Build a Communist China economy, WHY would we do that unless we have become communist ourselves or Run by them? We support the very thing that wants to distroy us. They take without asking 50+ percent of your paycheck and we talk about freedom! Then they say We're Broke....? Social Security is Broke The GOV. spent the $$$ so they barrow $$ from china( the communist?)! WTF! have we have fallen as a nation !? Also all the politians are the ones who passes the laws in this country ( DUE to lobbiest) who want laws passed to make more $$, and make us outlaws.( Like we have freedom ,yet you better wear your freekin seat-belt .Click-it or ticket? And we sit back and take it. I could go on for hours with this Crappp. What good does it do? 1 more thing - , Does anyone remember what the french did about 100+ years ago when this happened in their country? They lined up all The Crooks( politicians) and started beheading !! But that wont happen in our country THE GOV. owns the cops and the military.. So what can we do?, take it dry or use lube...

 

[Lamb busa]

Lamb doesn't understand any of this problem.

Let's see, banks give loans to people who can't pay, while at the same time taking money in for peoples retirement. They loan the retirement money out to unqualified loaners who loan the money to unqualified citizens. So as a bailout plan, the government is going to give more money to the banks that spent peoples retirement money so they can loan it to unqualified banks to loan money to citizens who can't pay the bills they already have.. Isn't this the definition of insane. Doing the same thing and expecting different results. Proving that power corrupts absolutely.
Maybe someone can help me with this one---->What happened in America after the great depression of the 30's to turn America around and what can we learn from this and perhaps bring back to help with this self made crisis?

 

[05 Busa LE]

How about this for a solution:

Stop spending $10,000,000,000.00 (Ten Billion Dollars) a month on the war in Iraq, and bring out troops home.

Maybe spend a fraction of that money to solve some problems at home?

 

[DaCol.]

Maybe someone can help me with this one---->What happened in America after the great depression of the 30's to turn America around and what can we learn from this and perhaps bring back to help with this self made crisis?

Easy, it was called WORLD WAR II

 

[Lamb busa]

How did world war II turn around the economy? Just by creating jobs? All the infrastructure is in place for bomb making and plane building now, there has to be something more.

The cost to the University of Mississippi to host the debate tonight is 5 million dollars. How the F#@k? These clowns don't live in the real world. Why can't they just show up at the hall and debate. Show the people that dollars don't drive their push to be the leader of the free world.................................................................................................................................lamb is now awaking from his dream state!

Easy, it was called WORLD WAR II

 

[DaCol.]

WW II put people back to work, the problem in the Great Depression was both NO MONEY in the economy and NO jobs. That's what the WPPA Work plan did ( ya know Dam, Road and National Park construction around the country) . Our problem is not, NO MONEY, but buying OVER PRICED land deals and making loans to people who didn't have a prayer of paying it back. Like in Arizona where houses were being sold for NO money down, and loaning up to 110% . Based on (Of Course) the houses in New Additions will ALWAYS increase at least 25% in value when the project is completed.

Me, I don't feel sorry for any of these people and Congress just wants to BAIL out their Friends. They definitely aren't thinking (well thinking does take some ability that they don't have) about us