The Bailout: New Details, 5 Key Questions

Bailout

The Birk Economic Recovery Plan

Something that makes good sense. I'm against the $85,000,000,000.00

bailout of AIG.

Instead I'm in favor of giving $85,000,000,000.00 to America in a WE

DESERVE IT DIVIDEND.

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 billion that equals

$425,000.00.

My plan is to give $425,000.00 to every person 18+ as a WE DESERVE IT

DIVIDEND. 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 every

adult 18+ has $297,500.00 in their pocket. A husband and wife

$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. Re-pay 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 US 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 the Armed Forces.

If we're going to re-distribute wealth let's really do it.. instead of

trickling out a $1000.00 ("vote buy") economic incentive that is being

proposed by one of our candidates for President. If we're going to do

an $85 billion bailout, let's bail out every adult US Citizen 18+!

As for AIG -liquidate it. Sell off its parts. Let American General go

back to being American General. Sell off the real estate. Let the

private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't. Sure it's a crazy

idea that can "never work". But can you imagine the Coast-To-Coast

Block Party?! How do you spell Economic Boom? I trust my fellow adult

Americans to know how to use the $85 Billion WE DESERVE IT DIVIDEND more

than I do the geniuses at AIG or Washington DC .

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

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

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards, Birk

T.J. Birkenmeier, A Creative Guy & Citizen of the Republic

Harvey Borntrager of IN @ Oct 01, 2008 08:33:52 AM

why

why did this happen? if they get there money will it happen again? were laws deregulated to let this happen? how can this be stopped? I have more questions then answers,i lost my retirement and was told to put it all in a 401k and i would be ok. but now retirerment is out of the question. the more i look the more i think the goernent needs to be involved. a real lock box not the bs we were feed before. a government backed insureince policy that pays out at retirement, and no one can touch the funds. thanks for letting me blow off steam at 65 i am going back to work on second shift and now my name is on my chest!!!

john shaw of OH @ Sep 30, 2008 14:47:18 PM

The real reason

When will these political fools admit the real reason for people losing their houses.

It's the "fuel costs stupid", folks are having to pour their house notes down their tanks to get to work. With the raise in fuel costs every product has gone up. Everything is made or brought to you my oil. Most working class people live from one paycheck to the next without any thing extra for a crisis. Let there be an illness or a layoff, and presto, descision time has arrived, "eat and sent the kids to school or pay the house note". The foreclosures are an indicator as to which descision is being made.

Milam of TX @ Sep 30, 2008 07:24:42 AM

Foreign Help

If the US Gov doesn't get this done there are plenty of Russian and Arab investors willing to. Then when the Dust Settles we will find that the liens on our mortgages are owned by shady guys in track suits at a casino in Monte Carlo.

JT of FL @ Sep 30, 2008 05:25:56 AM

'' THE BAILOUT''

ONCE SAID,'HE WHO FAIL TO PLAN,PLANS TO FAIL'.GREED,SELFISHNESS,LUST,COVETOUSNESS,ETC.IS WHAT CAUSES OUR ECONOMY TO DECLINE.OUR LEADERS MUST TRANSFORM THEIR MINDSET FROM ME,MYSELF AND I TO ''OTHERS.''REMEMBER.'TO MUCH IS GIVEN, MUCH IS REQUIRED.' SERVING OTHERS IS WHAT MAKES A PERSON GREAT.SO YOU GREAT DECISION MAKERS MUST REACH OUT BEYOND YOURSELVES AND HELP ME THE NEEDS OF ALL PEOPLE.

RON GILL of IL @ Sep 29, 2008 20:11:07 PM

bailout

the rich people on wall street already took their money. out all thats left is ours ,yours and mine . this bailout is for us the middle class.i hope this thing passes soon . ten i hope they put some people in jail and seriously fine a bunch more.

jim forestal of PA @ Sep 29, 2008 18:10:30 PM

bailout

Since the budget is already set, I really want to know where these billions are coming from. What programs are going to be cut or drastically reduced??? Has that occurred to anyone?????

Teirrah Hayes of PA @ Sep 29, 2008 16:33:01 PM

Bailout the middle class

Instead of bailing out Wall Street, take that 700 billion and divide it up between the approximately 200 million tax paying adults in the US. Most would then be able to pay their mortgages...end of bank problem. Many could send their children to college...end of huge student loans for young adults...money would be flowing into markets and banks ...end of liquidity problem. At least the middle and lower classes would be getting something for their tax dollars. And, we could pay ourselves back over the next 20 years instead of paying corporate heads and unscrupulous lenders.

MEK of PA @ Sep 29, 2008 15:05:55 PM