Here's the answer to fixing the economy. Ready?

1 - Give every single, documented, legal person a government check for $100,000. Legal, documented, married couples - $150,000.
The person(s) must be 25 years of age or older.
The person(s) must be a legally employed taxpayer for at least 1 year.
The person(s) must have no payments or penalities in arrears to the IRS.
If so, the total amount in arrears will be deducted from the stimulus.
The person must be a legal resident of the state on the last tax return
filed to the IRS.
2 - Advantages:
People stay in their houses. The average "smart" person will pay their mortgages, medical bills, car payments, credit cards, student loans up or completely pay them off. Which in turn, puts money back in the banks, mortgage companies, credit card companies and return some of the money back to the government in the form of student loans, etc. The average "dumb" person will just get high.
People who don't technically need the stimulus (well-off people) will be able to invest the money, which in turn, increases confidence in the market.
People will stimulate retail sales because flat screen tv's, Blu-ray players, iPhones, F150's and all that crap will be bought without fail. Retail sales will skyrocket.
This way, the government is not giving away $700 billion dollars + pork. This is much cheaper.

3 - Disadvantages:
I'm sure you guys will let me know.

Overall, if you look at this situation as 3 blocks, with the government as one, financial institutions as another and the American people as the one in the middle, you can not jump over the people who keep the wheel turning, and give the money to the financial institutions. We've seen what they would do with it.
It locks up credit and they screw the whole system, the government and the people. If you grease the wheel that turns the economy, everything runs smoothly.

Ok, the floor is open for discussion and my "bill" is subject to change. - Og

 

Even the US government can't pay for this..............


100,000
150,000,000 *
--------------------------
15,000,000,000,000 =
that's trillion

 

F^*k that IM 23 married, 2 kids and a mortgage. wheres mine!!!

 

Is that every legal, working person over the age of 25? - Og

 

Can't give it to everybody. Sorry. -Og

 

No but the email going around before about dividing up the 700 Billion bailout package, guessed that there were 200 million taxpayers over the age of 18 so I just knocked 50 mill off for estimating purposes.

But even if there are only 50 milllon people thats 5 trillion bucks

 

Maybe it can be adjusted to persons over 30 or adjust the amount to the approximate $1 trillion they just gave away. Not $700 billion. They added $150 billion of pork and gave AIG money to go to the spa. - Og

 

I think you should double the payout to each person and make it for everyone 65 or older.

 

I was waiting on you to chime in. Basically, what do you think? I know the amounts will have to be adjusted. After you weed out the illegals, the number of checks given will fall, I think. - Og

 

What I have highlighted is a major fallacy. There being a large numer of smart people is expecting too much. Many will buy dope or squander it away and still owe everything or more than they do now.

 

You can't just dump that kind of money into the economy. It'll cause inflation and will f*ck the economy up in the long run. Taking 150 trillion that we don't have and handing it out like foodstamps is just putting us into 150 trillion dollars into debt. Next time you have an idea think about the other side of the river, and how others will be affected, rather then just naming requirements that fit yourself.

 

You, my friend, are a genius. I never realized, until just now, how many idiots there really are in America. The bill has been vetoed, for now. I need to rewrite it and consider the "idiot factor". - Og

 

Calm down, dude. It's your money anyway. Unless you don't pay your taxes. By the way, have you checked your 401k lately? The economy can't get more "f*ck" up as it is now, genius. - Og

 

That is basically what they are proposing with the tax cuts. Just not as much of a single impact as a lump sum would be. Plus, why should people that pay a very small amount of tax receive as much as the high tax payer? Do it as a tax credit over the next 5 years, or as a reduction of the rates rather than a credit.

 

Good point. You should run for office. - Og