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$8.5 Trillion = $47,000 for every US Citizen between the ages of 20-64. Printer friendly page Print This
By Peer Bazarini
Axis of Logic
Monday, Mar 30, 2009

Dear Axis of Logic,

Though this is a massive over simplification of a good idea, please open this up to discussion.

There is 8.5 Trillion dollars pledged for the bail out (so far).

Using 2007 statistics, there are 180.7 million US citizens between the ages of 20-64.

Shouldn't this 8.5 Trillion be distributed amongst individuals/households/homeowners (with stipulations on what amounts would be taxed, must be used for debts, what amount is discretionary, etc.)

That would translate into about $47,000 per person between the ages of 20-64, to manage debt, and stimulate the economy in a real sense; paying back loans would stabilize the banking systems, consumer spending would save companies and reverse unemployment, and an automatic tax would get a good portion back into the federal coffers, to expedite the many reforms and rebuilding efforts this country so desperately needs.

Please note that the average household income is $46,326.

Thank you for being a voice of reason.

Best of luck,

Peer Bazarini
United States

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