Reassessing Bailouts, Jobs, and the Economic Recovery Plan
Reader Comments
Economy
I know this may sound kind of imbecilic, but I am putting it out there anyhow. If there are about 304 million people in the US, why couldn't the bailout just wipe out everyone's debt so that they could payback some, most, or all of what they owe? Wouldn't it have been cheaper if the US gave every American a 1 million dollar annuity or something like that? Even if it was 2 million each, it would still be cheaper than what the government is doing now. If the broken economy was consumer driven, give the power back to the consumer. Then, as things ease up, it could give the "people who are qualified to take care of it all" some time to redesign a new economic plan for our country. Americans could pay their bills, not live paycheck to paycheck, maybe afford good health care for themselves, and have a decent nest-egg. I know there will be fools that spend it all. In that case, there will be little excuse for their own personal failure because every American will now know that we all got the same bailout and were given the chance to start over. Using everyone's social security number or tax filing record for qualification, it could also reveal much about the real population in this country. I can't find the answer even though it may be a simple one. Please note: This is the same post as before except it's after a cup of coffee, my eye glasses, and a re-read. I am kind of embarrassed now...he he.
Economy
I know this may sound kind of imbesilic, but I am putting it out there anyhow. If there are about 304 million people in the US, why couldn't the bailout just wipe out everyone's debt so that they could pay the banks back? Wouldn't it have been cheaper if the US gave every american a 1 million dollar annuity or something like that? People could pay their bills, not live paycheck to paycheck, afford good health care for themselves, and have a decent savings account. I know there will be fools that spend it all. In that case, there will be little excuse for personal failure because every american will now know that we all got the same bailout and were given the to start over. I can't find the answer even though it may be a simple one.
