simple fix for USA economy

[rockycatt]

The Fix



There recently was an article in the St. Petersburg Fl. Times. The Business Section asked readers for ideas on: "How Would You Fix the Economy?"
I think this guy nailed it!
_____

Dear Mr. President,

Please find below my suggestion for fixing America 's economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the "Patriotic Retirement Plan":

There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings - Unemployment fixed.

2) They MUST buy a new American CAR. Forty million cars ordered – Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.

It can't get any easier than that!!

P.S. If more money is needed, have all members in Congress pay their taxes..

 

[jod5413]

If only it could be that easy and simple! I have often wondered about our government and their handling of our money. This is not as silly an idea as some would think, Rocky!

 

[jetset]

It certainly appeals more than continually throwing bailout money at companies that seem to continue splashing it about like drunk sailors, or use to give already ridiculously high executive salaries and bonuses a further boost LOL

I read of a similar tongue-in-cheek suggestion last year that involved giving tax payers each a significant sum, which the responsible majority would then hopefully spend on rescuing mortgages, buying new cars, upgrading homes and retiring early etc.

 

[ksech]

OR we could just round up all the overpaid deadbeat politicians and send them off to some remote corner of the world to fend for themselves.

 

[rockycatt]

OR we could just round up all the overpaid deadbeat politicians and send them off to some remote corner of the world to fend for themselves.

there 99 and 100 % vermin

 

[PlexRep]

I remember reading another theory somewhere, saying that if JUST the top 5% of Americas citizens (the ones with all the cash...) gave back all the money they made during the Bush administratiuon they would still be filthy rich and national debt would be haled overnight if not eradicated completely. Scary if true.

I believe it was a quote from Michael Moore. I dont like they guy, but he comes out with some interesting facts and statistics. - My fave being ''One in every three Americans currently weighs as much as the other two''

 

[Tengil]

Hopefully there isnt a single person who would think that "The Fix" could work.

On a sidenote some numbers about Federal Budget&Deficit:Link Removed ( Old/Invalid)

Also has many interesting links about taxes, income etc.

 

[jod5413]

It certainly appeals more than continually throwing bailout money at companies that seem to continue splashing it about like drunk sailors, or use to give already ridiculously high executive salaries and bonuses a further boost LOL

I read of a similar tongue-in-cheek suggestion last year that involved giving tax payers each a significant sum, which the responsible majority would then hopefully spend on rescuing mortgages, buying new cars, upgrading homes and retiring early etc.

Every time some politician talks about giving "actual cash" to the constituents, the rest break out in a sweat and try to fob tax credits or allowances on our tax burden.

The truth is, if every man, woman, and child (held in trust until they reach 18 or so) in this country was given a huge chunk of cash, they would certainly be more responsible than our politicians that run 'this dog and pony show".

The people are smart enough to buy groceries and pay mortgages, the politicians would keep running up a tab for "their pretties", knowing the people can't stop them.

We always speak about the two parties like it would be so perfect if the other party was in charge. The reality is that neither party cares about the people. We are simply a glorified "pseudo boss" and we keep getting robbed by our own employees.

 

[ksech]

The Republicans and Democrats are too busy blaming each other for the mess the US is in to worry about coming up with a fix. Here in my little corner of the world, last June there was a deadlock in our state senate. The only thing they could agree on was to make sure they gave themselves their pay and "cost of living" raises. Pretty sad...

 

[slotplayer]

isn't that like 40 trillion dollars? That would bankrupt the country.
The national debit is about 13.8 trillion. xhttp://www.brillig.com/debt_clock/

The Gross Domestic Product(GDP) of the usa is about 14.2 trillion.
According to Google - GDP is the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)

The USA national debt is about to exceed GDP. I think the only other time that happened was in the 1940's during WWII.

Bush and Obama -
When Bush took office, the national debt was $5.73 trillion. When he left, it was $10.7 trillion. (Anyone remember seeing the national debt clock running out of digits on the news?) So Bush added $4.97 trillion in his 8 years.

Obama in just 2 years has added 3 trillion to the national debt.

I hear that corporations made 1.66 trillion profits in the third quarter of 2010 - an all time historic amount since they were keeping track, yet the economy is crap and the unemployment rate is 10.6%.

So wtf is going on?

 

[ksech]

I hear that corporations made 1.66 trillion profits in the third quarter of 2010 - an all time historic amount since they were keeping track, yet the economy is crap and the unemployment rate is 10.6%.

So wtf is going on?

But didn't you hear? The unemployment rate is going down....

Because people have no jobs still and have run out of benefits. Maybe they should be looking at our splendid welfare programs to see how many increases there have been? Instead of taking our tax dollars and making sure all the ILLEGAL aliens have the same rights as you and I do, may be they should be using THAT money to help the people who actually PAID taxes! Get some of these deadbeats off welfare, the ones who have NEVER worked a f*ckin day in their life.

If they want to do some stoopid health care package, wipe out medicaid. See how much money THAT saves the tax payers who have to pay outrageous premiums. Put a cap on doctors and prescriptions. Stop the insane child credit on income taxes. I know several people who have 3 and 4 kids, work 10-15 hrs a week, collect every welfare benefit they can and receive $5000-$10000 in child credit every year. If they want to continue that then, THAT money should have to pay for medical insurance so then EVERY one would be covered.

It makes me cringe when I see these people dressed to the nines, eating 100 times better than I am, driving new cars and buying expensive non-essentials on MY dime! And then they whine when they actually have to pay cash for something.

The state thinks that they need my money more than I do. My paychecks some weeks are laughable. I actually had a 15.25 hr paycheck for.....are you ready???...$1.62 (and NO that is NOT a typo). Now how in the world am I supposed to live on that?


Sorry for the rant...feeling better for venting...

 

[slotplayer]

But didn't you hear? The unemployment rate is going down....

Because people have no jobs still and have run out of benefits. Maybe they should be looking at our splendid welfare programs to see how many increases there have been? Instead of taking our tax dollars and making sure all the ILLEGAL aliens have the same rights as you and I do, may be they should be using THAT money to help the people who actually PAID taxes! Get some of these deadbeats off welfare, the ones who have NEVER worked a f*ckin day in their life.

If they want to do some stoopid health care package, wipe out medicaid. See how much money THAT saves the tax payers who have to pay outrageous premiums. Put a cap on doctors and prescriptions. Stop the insane child credit on income taxes. I know several people who have 3 and 4 kids, work 10-15 hrs a week, collect every welfare benefit they can and receive $5000-$10000 in child credit every year. If they want to continue that then, THAT money should have to pay for medical insurance so then EVERY one would be covered.

It makes me cringe when I see these people dressed to the nines, eating 100 times better than I am, driving new cars and buying expensive non-essentials on MY dime! And then they whine when they actually have to pay cash for something.

The state thinks that they need my money more than I do. My paychecks some weeks are laughable. I actually had a 15.25 hr paycheck for.....are you ready???...$1.62 (and NO that is NOT a typo). Now how in the world am I supposed to live on that?


Sorry for the rant...feeling better for venting...

Actually I meant the unemployment rate was 9.6% not 10.6% but today they said it went up to 9.8%.

The system is sure out of balance.