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
© Copyright 2009 by AxisofLogic.com
This material is available for republication as long as reprints include verbatim copy of the article in its entirety, respecting its integrity. Reprints must cite the author, the translator & reviser and Axis of Logic as the original source including a "live link" to the article. Thank you!