***NEW BAILOUT PLAN***

There are approximately 230 million us citizens over the age of 18. So, for 230 million dollars (LESS THAN THE COST OF STUDYING BEARS’DNA) the government could BAILOUT the US economy.

i suggest the US government send every US citizen over the age of 18 1 million dollars. I know it sounds a bit crazy;but just think about it for a moment, please?

Everyone facing foreclosure could pay off their home, which would mean there isn’t any negative debt left for the government to buy.

People near retirement age (and probably more still) would retire, thus leaving many jobs throughout the market available. This would drastically reduce the unemployment rate.

People would be out spending money, which would boost the economy. Others would invest, which would also boost the economy.

If you’re being given 1 million dollars, do you really need those food stamps or Medicaid? Government spending on social programs could be reduced.

Our taxes would not need to be raised because of this; all we would have to do is cut an unnecessary grant or two.

What do you think?




[edit on 30-9-2008 by undinemyth]

I don't want the government to bail out these screwed up companies, so I wouldn't want them to bail us out either. Sure it would be nice but the rest of my life I would know that our pitiful government paid my bill. Not for me. I'd rather see taxes cut, corporation cuts etc...

I like it, lets do it! Seems like this is the direction the conscious stream is headed question is will they allow it?

Good plan.

Many people here at my job has said the same thing as you have. Though some feel giving 5 million to every household, some feel 1 million to every person over the age of 18.

Question, would the same go for military personnel/families?

reply to post by antar



You just want your house fixed up and paid off. Shame on you for thinking that way

I'll take a million if they insist.

[edit on 9/30/2008 by Solarskye]

"230 million us citizens over the age of 18. So, for 230 million dollars... "

There is a bit of a mis-calculation here, if you mean to give each person 1 million dollars? Right now that is 1 dollar to each person.

If it was each person a million, the number would be:

230, 000, 000, 000, 000 or 230 trillion dollars. I think that might be a bit too steep of a solution

Originally posted by undinemyth
There are approximately 230 million us citizens over the age of 18. So, for 230 million dollars (LESS THAN THE COST OF STUDYING BEARS’DNA) the government could BAILOUT the US economy.

...

If you’re being given 1 million dollars, do you really need those food stamps or Medicaid? Government spending on social programs could be reduced.

I think you need to do your math over again... 230 million people times a million dollars each is a really big number... A lot bigger than what you think it is...

$230,000,000,000,000

Looks like 230 Trillion dollars.

reply to post by Deseis1204



I think it should be the same amount for EVERY US citizen. It should not void or take the place of any VA benefit or retirement for the military.

Why do you ask?

reply to post by undinemyth


I think you need to check your math.... 230,000,000 US citizens x $1,000,000 each would cost $230,000,000,000,000

Thats $230 trillion... not $230 million (that would be enough to give each of us $1).


Edit: Didn't see MM's post above.

[edit on 30-9-2008 by mecheng]

reply to post by undinemyth

Why are they still pushing this bail? The treasury flooded our markets with 630 billion dollars. These people already have all the money they wanted.

Aw heck lets go with his plan anyways and send everyone a buck and see if it helps lol...

reply to post by Mirthful Me




I feel about two inches high right now.

Thanks for correcting me....

close the thread....please?

Even if the math were correct, doesn't the plan still smack of socialism? Government handouts? Where does personal responsibility come into play? How does it fix the broken system? It would be akin to rebooting a virus-infected computer, wouldn't it?

reply to post by undinemyth


230,000,000 x $1 million each = 230,000,000,000,000.

As in, 230 TRILLION dollars.

I think your math in the O.P. is wrong. You say 230 million over the age of 18 each getting $1 million dollars = $230 million. When that would actually mean everyone would only get $1 each.

Another problem: MASSIVE Inflation. lol


[edit on 9/30/2008 by AshleyD]

Originally posted by eradown
reply to post by undinemyth

 

Why are they still pushing this bail? The treasury flooded our markets with 630 billion dollars. These people already have all the money they wanted.

That is the queston of the hour!

sorry for one liner...but i made two lines out of it!!!

My thoughts are, give the money from the bottom up, not the top down this time.

Give families a bail-out subsidy where they are behind on payments on an average family home where they had to buy into the inflated market.

The subsidy lowers their mortage payment to an affordable amount and refinances with their bank taking off a percentage of the excessive amount causing the failure.

The bank recovers, the family recovers, it's tax payers helping tax payers.

That would be better for me, as I feel its important to help families and the community first. Top down means the bank gets bailed but the family still loses their home and ends up in a tent shanty town which are popping up everywhere.

Originally posted by undinemyth
reply to post by Deseis1204

 

I think it should be the same amount for EVERY US citizen. It should not void or take the place of any VA benefit or retirement for the military.

Why do you ask?

Just a question, military personnel and families are pretty well taken care of by the military in terms of living and easy access to loans and health/dental care.

Though I have some friends in the military that I've talked this idea over w/ and they liked it, though they were unsure if they were qualified for it due to being in the military....

I know of certain rules that the Army has, like a soldier cant win the lottery or get a cash advance or anything of that nature. Though they did get stimulus checks early this year from the Govt...

Originally posted by GirlNextDoor
Even if the math were correct, doesn't the plan still smack of socialism? Government handouts? Where does personal responsibility come into play? How does it fix the broken system? It would be akin to rebooting a virus-infected computer, wouldn't it?

Oh you didn't get the memo? No one is responsible for ANYTHING they decide to do anymore. The government is there to bail us out at all times and at all costs. The government is our friend.

The OP was a little tongue in cheek. I can't stand the idea of this bailout plan. However, if they are determined to do something I would rather money go straight to the citizens.

Honestly I think each working tax paying adult should get 500,000 dollars and taxes taken out of that. And raise the FDIC up to 250,000 and the market would take care of itself. People would pay off their mortgages, and the mortgage companies would be saved. The economy would be booming with people spending that money. It would be a bright and beautiful day in America.

reply to post by undinemyth
Don't feel bad, everybody makes mistakes in life. You are among friends. It got people discussing different plans and that is a GOOD thing!