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post #1 of 8 (permalink) Old 12-03-2008, 03:00 PM Thread Starter
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Please check my math

Here's my latest idea. All of this money we're throwing at failing banks, businesses etc could be much better used helping the individual victims, with job training, education, Ferraris, vacations to Tahiti, what have you.

$8 Trillion (bailouts, guarantees, stimulus etc SO FAR) divided by 130 million taxpayers =

$61,538.46 per taxpayer.

Now, considering that only one in ten taxpayers actually NEEDS help, it means we have over $610,000 to give to each. And I daresay they won't need that much.

So which method--cleaning out the system, permitting efficient, honest new businesses to take the place of corrupt, inefficient ones--or continuing to prop up this debt-based house of cards--and who believes the bailouts are all done with already? Which one is a better use of funds??

We'd have TONS of money left over. We might not even have to borrow so much, huh.

Did I do the math right? I'm using my PC calc and it's hard to keep track of the commas and zeros.
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post #2 of 8 (permalink) Old 12-03-2008, 03:08 PM
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A show of hands please. Does anybody feel the current plan is better than simply handing $61K to every American taxpayer?

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #3 of 8 (permalink) Old 12-03-2008, 03:11 PM
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I prefer "none of the above."

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post #4 of 8 (permalink) Old 12-03-2008, 03:12 PM
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Either way, it ends up as a deposit at the bank which allows fractal lending to continue.

When devils will the blackest sins put on, they do suggest, at first with heavenly shows - Othello
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post #5 of 8 (permalink) Old 12-03-2008, 03:13 PM
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I would support giving every taxpaying Merkin $100k, as opposed to a corporate bailout
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post #6 of 8 (permalink) Old 12-03-2008, 03:18 PM
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Some body else did that same prospective a couple of months ago on here and got chewed up for it. I was sitting out side last night and looked in the sky and started thinking about what we are facing. I honestly think our economy is like the human body. When something happens or starts to happen to it that not good it starts to correct its self, but this can only happen with time. I feel like no matter how many bailouts what ever is supposed to happen to our economy will. It is a self correcting component I feel, only because we as the consumers and debt holders will eventually have to come to terms with a new way of spending and value of cost of living. We can no longer barrow and spend the way we used to in the past 10 years. So no matter how much money people toss at the problem the problem will still be there; US.... The component will eventually even out and correct it self and we will be forced to live and spend differently in the next 2 years and so forth.

3. Paul Hamm, Gymnast: I owe a lot to my parents, especially my mother and father.
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post #7 of 8 (permalink) Old 12-03-2008, 03:50 PM
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What is required is more confidence - and fewer tricks.

"Religion is regarded by the common people as true, by the wise as false, and by the rulers as useful" - Seneca
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post #8 of 8 (permalink) Old 12-03-2008, 05:09 PM
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Originally Posted by dope View Post
What is required is more confidence - and fewer tricks.
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