Here is a Better idea!! We Deserve it!

This actually kinda makes sense.

> Let’s all think about this for just a second….. hmmm….
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> Here's a plan that I've been thinking about since the announcements of the 'Bail Out'. This here is a 'plan' I could live quite well with!!!
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> The 'We Deserve It Dividend'
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> I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend!
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> I'm no math genius, so to make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens that are 18+ years of age. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair estimate of adults 18 and up. So divide 200,000,000 adults that are 18+ into $85 billon. That equals $425,000.00. Here's where we all get excited.
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> My plan is to give $425,000 to every person that is 18+ years of age as a 'We Deserve It Dividend'. Of course, it would NOT be tax free. So let's assume a tax rate of 30%. So...... Every US Citizen that is 18+ years of age would have to pay $127,500.00 in taxes. That sends $25,500,000,000.00 right back to Uncle Sam. It also means that every adult 18+ years of age has $297,500.00 in their pocket.
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> A husband and wife have $595,000.00 free and clear.!!
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> What would you do with $297,500.00 to $595,000.00 in your family?
> Again, back to basics here;
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> Pay off your mortgage - housing crisis solved
> Repay 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
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> Remember this is for every adult U S Citizen 18+ years of age including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. Most importantly, really paying those serving in our Armed Forces! If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ('vote buy' ) economic incentive that is being proposed by one of our candidates for President.
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> If we're going to do an $85 billion dollar bailout, let's bail out every adult U S Citizen 18+!
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> As for the problem companies;
> AIG - liquidate it. Sell off its parts
> Let American General go back to being American General. Sell off the real estate and let the private sector bargain hunters cut it up and clean it up. Here's my rationale, we deserve it and AIG doesn't.
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> Sure it's a crazy idea that of course 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 in Washington DC. And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
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> Ahhh...I feel so much better getting that off my chest.
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> PS: Feel free to pass this along to your friends as it's good for a laugh, a tear, a very sobering thought or it's going to make it to National News on how to best use $85 Billion dollars.!!

$425 not $425,000 This makes a big difference

Yep, $85,000,000,000 divided by 200,000,000 is actually $425.

No wonder we are in such tough shape - can't even manage a simple division problem!

this has been posted on about every site there is . someone has an army of spammers

Yea I had a friend send me and 50 other people that e-mail yesterday and I had to point out the simple math problem.

Unfortunately, 9 out of 10 will take it as true, and thus form their opinion about the state of the world.

That's why I think John McCain won the debate last night hands down - he talked in simple terms that folks can understand and hit several emotional and hot button issues.

I'm afraid that Barack is too smart for his own good. I came to the relization last night that nnalert are elitist - they think people listen to what they say, when in fact most only listen to how they say it.

They don't realize that, even if they all agreed with the Democrates, there are not enough thinking people, actually paying attention to what is said (one could call them "elites") to get them elected.

Two Things:

He comes off as a "professional candidate" (which he is).

Secondly, he really has a bad family history of very, very poor judgement.

Allan

That email is scary on many different levels.The total lack of basic math skills and the sense of entitlement are bad enough but to not understand that we already have a public debt of more than $10 trillion and the people that have been keeping American government will not do this without end.

I probably don't know as much about this subject as I should. Usually, I would say that if a business makes some bad decisions, it should just go out of business, but in this case, I think that $425 per person beats another Great Depression. We are all going to pay for this, one way or another. Its probably cheaper to just pay now.

Here is my solution for the institutions that failed/are in trouble due to bad mortgage debt:
The government buys these guys out and takes title to all the properties that they're holding a mortgage on. The people living in these homes/etc then have 3 options.
1. Pay your loan current, make all remaining payments according to the loan documents, refinance, do what ever it takes to get out of default.
2. Pack up and get out, save the hassle and expense of the eviction process.
3. Sign a quit claim deed to the government. The government then forgives whatever is owed on the mortgage and the occupants then receive a 1yr lease with rent at fair market value on the property and get to stay in the home. The government then is required to immediately place the property for sale to anyone who qualifies for a loan/has cash to pay for it. The 1yr lease remains in effect and can only be broken by material non-compliance on either side. IE renter not paying rent or landlord not maintaining the property. IE roof, mechanicals, etc.

A billion here, a billion there and pretty soon we are talking big money.