Here's a thought.

[AFA]

If the current, (approaching 10 Trillion dollar), deficit was divided among every man woman and child in the US, that would mean a cash refund of $33,000 per person in the US. The average household would be $125,000 better off. If you figure it on a curve, based on years worked, and tax paid, older Americans would get the bulk of the return, while younger would have the opportunity to pay down debt, and, or invest for the growth of the cash. It would probably eliminate social security, and make health care affordable for everyone. :dunno:

 

[nylo]

WOW, thats something I never thought about in those terms. It brings it more into
perspective when you look at it that way. And its sad how that money has been nothing but wasted because of morons and their agendas.

 

[Funkwerkz]

Complete capitalist era of USA is about to end.

It's better to convert it into a mixed type. So, government can relatively prevent the loss of economic values and keep everything tight. Personally, this latest bailout shows that USA's financial power is widespread but so thin. USA should be less widespread and get focused on the "mainland".

AFA's thought seems very profound! I would love to hear the details.

 

[Legzman]

God damn! That is the best idea I've ever heard! I could really use 33k!

 

[calpoon]

umm.. that's the deficit, as in the lack of funds, not the budget. To balance the budget that would mean each citizen would have to pay 33K more. If each citizen got 33K, then that would make the deficit 20 trillion dollars, or in twice as much debt instead.

 

[Legzman]

umm.. that's the deficit, as in the lack of funds, not the budget. To balance the budget that would mean each citizen would have to pay 33K more. If each citizen got 33K, then that would make the deficit 20 trillion dollars, or in twice as much debt instead.

Thats what he was saying. If we gave each american that much money instead of paying back the debt it would at least help the country. We're not paying it back anyway so lets just keep borrowing! :nanner:

 

[AFA]

Your taxes would also be miniscule down from an average middle class rate of 35%.

On the other hand, figuring Clinton almost had the debt to $0 when he left office, that $33,000 is now the debt of every single person in the US, accumulated during the 8 years of the Bush administration.

Estimates have gone as high as $6 Trillion for the Iraq War, and already $900 Billion in bailouts plus the $700 Billion being argued about today, making $7.6 Trillion and $1 Trillion each for debt to Japan and China, making $9.6 Trillion.

 

[Facetious]

Re: Here's a thought.

. . .older Americans would get the bulk of the return, while younger would have the opportunity to pay down debt, and, or invest for the growth of the cash.

Do the "younger" have the wherewithal and discipline to actually pay down a debt,
living how they do today ?

I hope so.

Other than that, it looks good, AFA.
Wait ! let me check - proof my zeros, commas and census homepage . . .

• I'll pay $33,000 tomorrow so long as I can live among the elites and never have to worry about another election again for as long as I live. j/k :laugh:

 

[calpoon]

so giving out more money that we don't have is going to fix the economic situation caused by defaulting on credit? that doesn't make sense.

 

[AFA]

Re: Here's a thought.





Do the "younger" have the wherewithal and discipline to actually pay down a debt, living how they do today ?

I hope so.

Other than that, it looks good, AFA.
Wait ! let me check - proof my zeros, commas and census homepage . . .

I agree, a little education in consumer debt would be a good lesson for most people. :thumbsup:

 

[calpoon]

I got a better idea, why don't we (the government) put a hold on bankruptcy for everyone involved in the bad mortgage debts, especially the heads of the lending companies, and then seize all of their assets and continue to garnish their wages until they are paid off. They really aren't going to like that, but fuck them, buyers and sellers alike, that's what they deserve for screwing things up so badly and expecting the innocent people that were responsible with their money to pay for it.

and if they complain that they are now staving in the streets, they can get to the back of the welfare line. it will be a lot cheaper than 700 billion.

 

[Facetious]

I agree, a little education in consumer debt would be a good lesson for most people. :thumbsup:

Rid ourselves of the U.S. dept of education and bring in the Indians !

. . . or something

 

[Becks...poamr]

Do the "younger" have the wherewithal and discipline to actually pay down a debt,
living how they do today ?

I live within my means.

I'm so weird.

 

[Legzman]

I live within my means.

I'm so weird.

Na, I do that now. When I was younger I made my mistakes and realized, a budget is the only way to go in the real world.

 

[Becks...poamr]

Na, I do that now. When I was younger I made my mistakes and realized, a budget is the only way to go in the real world.

I admit, I bounce a couple of checks when I was younger...but to be fair, it was Bank One and they NEVER said anything about charging a $1 per check fee. I still hate them so much. :thefinger

Other than that, I've been very good. I have one credit card, never come close to the $2500 limit I have on it and pay it off in full every month.

Can I have a cookie now?

 

[Dean Wormer]

On the other hand, figuring Clinton almost had the debt to $0 when he left office,

When was the deficit close to zero during the Clinton years? Back then the best projection I saw estimated for that was in about 15 years the deficit would be zero if the surpluses continued.