$700 billion and counting: What the "bailout" is really costing taxpayers

700,000,000,000 = 700 Billion dollars

As of this moment our US Census Population Clocks indicate that these are the counts for the US and World.

18:19 GMT (EST+5) Nov 08, 2008

U.S. 305,607,423 = US Population - 305 million, 607 thousand, 4 hundred, and 23 people – Including every Man, Woman, and Child

World 6,735,564,263


This would be my two step plan for the immediate stimulation of our US economy, ensuring our futures and the futures of up coming generations, create more jobs, not only feed but save our lost ones living on the streets, greatly reduce crime, etc. You get my point.


Step One:

I would give 750 thousand dollars TAX FREE to each living registered citizen (Man, Woman, Child) of the United States as of this moment regardless of age. However; the money would have to be deposited directly into some type of long term investment account for retirement. It could not be drawn from until the individual met the age of retirement. Those currently in retirement could begin drawing $3,000 per month immediately.


Step Two:

I would give 250 thousand dollars to each living registered citizen (Man, Woman, Child) of the United States as of this moment regardless of age. There would of course be some contingencies with this TAX FREE MONEY. Maintain employment, gain employment, maintain continuing education, or use the money to continue education. With this criteria met, the money could be spent to satisfy the individual such as pay off debt, mortgage assistance, buy a new car, etc; Spend this money on anything, as it will start the economy money machine, increase the value of the US dollar, Stocks and investments will take off in the UPWARD direction, etc. I could go into more details on how it would create a circular revolving economy, but just let your own mind wander with this.

So now we are only in bail out debt of 305 million dollars. Monitor this plan, and give the remaining 395 million back.

PayBack Plan:
Okay the payback of the 305 million we were given. Heavily tax the gains of the invested 750 thousand dollars by 50%. We pay our government back 50% of every dollar gained from the 750K they gave us to invest. They get 50% of the gain; we keep 50% of the gain.

Ohhhh. What a beautiful thing this would be.

Signed,

Just a regular hard working concerned citizen.

Dyoung

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Perhaps Dyoung's math problem is that his calculator like most of ours and the national debt clock does not display enough zeros to handle this problem. Valiant effort however and I liked his plan!

However, Tracy perhaps you need to review your own article ,as it appears that your computer had some trouble spelling distinguishing between B, M and T, but then the difference between each of those letters is only 3 zeros.

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These people should go to prison, Its outright stealing from the tax payer, our gov should never approved this amount of money without a vote from the american people from the richest to the homeless cause there is no more middle class.Im one of the poorest and would like a buyout myself. Its such a shame to leave this country to our kids in the condition its in, Im glad I won t be around to see the end ot.

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i'm like ford, i have a better idea. scrap the irs and the federal reserve, and also property taxes !!!!!!!!


http://www.youtube.com/watch?v=nWyQOh64Qy8

goldieshouse.piczo.com

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Listen to a couple of interviews about the economy, Obama and more. The interviews are with Paul Craig Roberts, Bob Chapman, Ron Paul and many others. They are free MP3 downloads posted at
http://drop.io/Summerbird

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This all has to do with the seven hundred billion-bailout package for Wall Street.

First of all … do you, I mean we … no that’s not right, I mean we the people … we Americans - the taxpayers of this truly great nation (in a world that gets harder by the day) – the ones that have carried the burden on their backs day in and day out while our elected representatives those who have not catered to our wishes and desires but only frolic with the lobbyist’s and enact their demands … know just how much seven billion dollars is.

I for one have lost the majority of my nest egg that was invested in the stock market. Now you may call me an idiot, I already have, but that is what it is. I fear I am not alone. This bail out is not for me or the other people who invested their savings in a market that we were led to believe was the under pinning of the American way. Well – I guess me were thinking the banking industry and financial industry in our great society was … honest.

I don’t think what all this talk about the bail out has anything to do with my or your present predicament but only to save the perpetrators of this fiasco’s asses and most likely make some of them even richer. Then we, the American taxpayers (and our decedents) get to shoulder this massive burden.

Which brings me to the American auto industries plea for a twenty five billion dollar bail out. First off, they (our policy makers) are saying no way is that money coming out of the seven hundred billion reserved for the financial debacle. It seems twenty-five billion in a separate package is asking too much to help our auto industry in this time of economic crisis. The argument I liked was the one that the American auto industry is responsible for their current crisis. I guess no one in the financial industry is responsible for that situation then???

Now putting things in the proper perspective. I believe seven hundred billion is twenty-eight times bigger than twenty-five billion.

Yes we do … all know how important Wall Street is, but is Wall Street twenty eight times more important than saving the American auto industry.

Apparently so because when our elected officials were presented with the calamity on Wall Street they first refuse to co-operate but were soon coerced into line and approved the seven hundred billion bailout which shows us all who our elected officials truly represent.

I wonder if the people in charge will just order the war machinery me might possibly need some day from China or Korea after the auto industry goes belly up.


It is time for us all, to come together and demand the professional people in our land whether business or elected take up their duties and forget personal gain and accomplishments. No one is taking care of America anymore.

I could go on but I just have one final word,

AMERICA … beware … the fox is in the hen house.

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These bailout packages for US financial sectors are a joke.
America has the devices for dealing with bankrupt companies chapter 11 why aern't they institited before they get bailout funds.
You need to get rid of the greedy top executives who get millions of dollars while the rest of Amercians are going broke. Just look the US car makers there salaires and conditions. The only way ahead is Chapter 11 new management new pays then co forwward with the government buying a staje in the company not giving money with no guarantees or controls. It is your money companies go bankrupt it causes change and restrucuring and gets rid of old ideas and overpaid workers from the top down, not the bottom up.
You elected Obama and people have a voice you have proved that now go and say this is wrong.

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I thought the requirement of a high earning working wife was the ultimate protection! LOL. All those years saving in a 401k for the two of them gone....because they couldn't in 3 seconds switch their distributions to a money market in the 14,000 range because they were too busy stuffing their faces at restaurants every night on their lifelong dutch date.

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Well, all the more meals for me. Because now I'm buying at all time lows. It's their turn to eat peanut butter sandwiches, when I did only when I bought my house in the first year (on my own).

My huz is too smart to end up in their position. That's why I married him. He's financially disciplined and not greedy and materialistic.

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My huz and I in some ways are extremely patient people, but I'm not sure if that's because we never had the expectations and goals as a large % of our population had. But, when we both realized how truly ugly some people were about money (in their judgements of us), we decided to invest our extra time in that direction NEXT (for ourselves). The timing was perfect.

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I'm so glad he didn't have a mother who was forced to work, (mine wasn't either), nor was a part of the excessive materialism and high expectations that pervaded our world. Because I didn't walk in the door with money, I was more inspired to make it and save it.

Real money takes incredible patience to get. That means getting it legally, or what should be legal and ethically, (no bad loans or dual income mortgages).

Just like many think a song that lasts 3 min should be easy to invent or play on a piano (and understand), they assume wealth should be a given and easy, when it requires many years of continual practice and patience then anyone could imagine. You have to want it and pay your dues. You are playing the entire song, especially when single, versus just one part. It isn't glamourous "having more" - it's the complete opposite - that's why when it's real money - they have more. Because they weren't constantly rewarding themselves, and they don't save it to afford rewarding themselves incessantly either, it's for security. And that's who they'll hook up with.

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I remember when we met a couple of which the wife was a realtor, and they were living way beyond us, but we know she was a vulture living off of her customers lifelong earnings, for doing nothing they couldn't do themselves for alot less. My huz was SMART enough to not be impressed. This is an example of FAKE money, because it should have been illegal, and it's the easiest job in the world.

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This reminds me of making up fake stories for my younger sisters to entertain them. Will someone give me a job.

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