$700 BILLION BAIL OUT NO WAY, I THINK WE SHOULD DO THIS FOR ONLY $85 BILLION


daveswcs
daveswcs's picture

Joined: Sep 2008
Current Posts: 1

Now THIS is the kind of thinking we need in Washington!

Subject: The Birk Economic Recovery Plan

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 billion 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 e

very 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 of the Republic

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!!

Average: 1 (1 vote)

Honesty3
Honesty3's picture

Joined: Jul 2008
Current Posts: 775

It actually is 850 dollars divided by 2 or 425 dollars per person. I wonder how many other forums this will appear in?

sadraider
sadraider's picture

Joined: Oct 2006
Current Posts: 44

AIG will be selling profitable businesses to pay the money back to the government with interest.   That is not a give away or an expenditure so giving to Americans is NOT the same thing.  

orabo
orabo's picture

Joined: Sep 2009
Current Posts: 10

thanks for this information. really very nice article.

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