A Bail out Plan for Every American

I got this in an E-mail today. I didn't check the figures so don't all you jump on me about them OK. Its Just something to think about!

Subject: Wouldn't it be nice?Smiling

Dear Congress and Mr. President:

I'm against the $700,000,000, 000.00 bailout plan. (That's 700 BILLION DOLLARS).

Instead, I'm in favor of giving $85,000,000,000 (that's 85 Billion) to America in a new economic stimulus plan.

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 new economic stimulus plan.

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

If we're going to do an $700 billion bailout, let's bail out every adult U S Citizen 18+ and save the country $640,500,000,0000 while doing it.

And remember, The Family plan only really costs $59.5 Billion because

$25.5 Billion is returned instantly in taxes to Uncle Sam.

How do you spell Economic Boom?

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Democrats get owned by Bill Clinton
Submitted by jokerman on Wed, 10/01/2008 - 9:44am.

A few days ago, Bill said that this bailout mess wouldn't have been necessary if the Democrats in Congress had not stopped the reforms that he and the Republicans tried to make in increasing regulations on Fannie Mae and Freddie Mac. How can Democrats even respond to this? With deafening silence? Aided and abetted by their willing accomplices in the media? The Democrats are being called out by one of their own! Wow, this is huge!

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Leno Quote
Submitted by localyocal on Wed, 10/01/2008 - 9:41pm.

He's not to far off....

"Let's see: a failed president and a failed congress will put $700 billion into failed companies. What could possibly go wrong there?"

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LOL localyocal
Submitted by skyspy on Wed, 10/01/2008 - 10:42pm.

Thanks I needed that.

It reminds me of a cynical saying from the Wailing List. "If you think the problems we create are horrendous wait until you see the solutions we come up with." Sad but true.

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Bail out Plan
Submitted by susieq on Wed, 10/01/2008 - 9:20am.

Sounds good, but it really doesn’t work out that way.
We each would get $425.00.

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Yep 425.00
Submitted by TyroneTerror on Wed, 10/01/2008 - 10:59am.

I told you I didn't check the math.

It is an interesting way to do it though. Why give $700B to the people that got us into this mess in the first place? Put the money in the hands of consumers and let the marklet work itself out.

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