Dems seeking $56 billion in stimulus package as well - see inside

[MJN]

http://thehill.com/leading-the-news/dems-seek-a-further-56-billion-2008-09-25.html

 

This is absolutely unbelieveable is all I can say!

[Parrothead]

I have nothing nice to say about that plan so I'm not posting what I had typed out.

[Academy of Jedi Arts]

This is not part of the Paulson plan. This is something else having nothing to do with stabilizing the financial markets.

[Peek a Boo]

yup.

 

i got this via email and Laughed Out Loud --it is much more my type of bailout ;)

 

But I haven't checked the math. Anyone wanna add up all the bailouts and correct any math?

 

 

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. Of course, for those serving in our Armed Forces!

 

If we’re going to re-distribute wealth let’s really do it...

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.â€

 

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 Davis 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,

Art

A.C.Davis, 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!!

[GSMP]

:iagree: I really like your idea!

[tibbyl]

I was happy that no one had made a political post even though the 24 hour cease fire period had ended.

[hsmamainva]

I was happy that no one had made a political post even though the 24 hour cease fire period had ended.

 

Ditto, Tibbyl!!!!

 

:iagree:

[mcconnellboys]

I like this idea, too, and I really hate to spoil it, but the amount per person actually comes out to $425, I believe, rather than $425,000, so I'm not sure it would help out that much.