Thursday, November 13, 2008

A possible solution that would heat up the economy

There's about 100 million taxpayers in the US. Let them all get a Government issued Debit Card with a balance of $100,000. If my math is correct this would total up to $10,000,000,000,000 or 10 Trillion dollars. This amount will not be much LESS than the planned (and not planned) bailout package.

No bailout's of anyone, period - let the markets figure this out, the market being the people who now have the US Debit Card. Some will spend wildly, some will invest, some will pay off debt but boy will the economy get going. I can't think of a more DEMOCRATIC way to straighten this ship.

President Obama will need to cut wasteful government spending in a big way. I also think that he should create the Department of Business, a department that will focus on making money for us, the taxpayers. How can the government make money? Like anyone else, create products that has a market. Take all the people in jail, why can't they create software, manufacture products (talk about cheap labor) etc? There's a lot of smart people in jail who can figure this out and there's plenty of hard labor potential.

The government also owns a lot of potential advertising space from their emails going out to the walls of their buildings - this space has value.

The more successful the combination of cutting spending and creating new revenue sources the more taxes can be reduced and eventually be eliminated - what a capitalistic and novel idea :-)

I know, it all sounds to simple but I will argue that so are the very best ideas.

nuff said

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