I Like This Recovery Plan

[len19070]

Forwarded to me by a friend.

Subject: The Birk Economic Recovery Plan


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.

To make the math simple, let’s assume there are 200,000,000
bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.

Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
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

Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for 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.

If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!

As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that 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 Birk plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

[Miriam C.]

Hubby sent it to me too. Do you think we should invest it in Wall Street? Maybe in ACORNs sorry

OH oH and can we have some of the 700 billion too.

[toypusher]

Nice plan. I would definitely like to see this one happen!!

[Arne]

Finally, an economic plan I can live with...!!

What we need is a good lobbyist (or maybe a couple dozen) to push it forward. I'd make a donation.

[starleen2]

Sounds great, until you realize that your pension, retirement accounts and the like were all tied to this mess. How do you think those accounts made money for you? Magic??? of course not. This "paper" or "Ledger" money is what drives the annuities, T-bills, and credit - why not let AIG collapse - why not let GM go under, lets have a block party and celebrate the trickle down LOST JOBS! When you can't get credit to buy a car - that's alright - we'll party at the blockfest! Let me say, I don't like this as much as you, I have loans that I make payments on and if the creditors suddenly said - pay in full now, I would stand to lose a lot of stuff - some of which I depend on. And so would everyone else in the same situation. That is what is happening to some of the financial firms – they cannot get credit because of bad debt – just like some of us on a smaller scale. How many funds suffered because of Enron?? – I didn’t see a sun shinney story about that collapse – and what was left – who came and bought it all up? You guess it – it was worthless. Just think for a moment why this must be corrected – We danced, We played, now its time to pay. Sorry the PARTY is over. My rant and 2 cents

[SuperTroll]

You might want to get a calculator and do the math there......

[len19070]

Sounds great, until you realize that your pension, retirement accounts and the like were all tied to this mess. How do you think those accounts made money for you? Magic??? of course not. This "paper" or "Ledger" money is what drives the annuities, T-bills, and credit - why not let AIG collapse - why not let GM go under, lets have a block party and celebrate the trickle down LOST JOBS! When you can't get credit to buy a car - that's alright - we'll party at the blockfest! Let me say, I don't like this as much as you, I have loans that I make payments on and if the creditors suddenly said - pay in full now, I would stand to lose a lot of stuff - some of which I depend on. And so would everyone else in the same situation. That is what is happening to some of the financial firms – they cannot get credit because of bad debt – just like some of us on a smaller scale. How many funds suffered because of Enron?? – I didn’t see a sun shinney story about that collapse – and what was left – who came and bought it all up? You guess it – it was worthless. Just think for a moment why this must be corrected – We danced, We played, now its time to pay. Sorry the PARTY is over. My rant and 2 cents

I don't remember Dancing or playing.

I just remember contributing a Dollar then being told they lost $ .75 of it.

I remember the company I work for going out and buying 12 million dollars worth of Race Cars. Then flying in every executive from all over the country for a 5 day "no holds barred" spending spree. Not just once, but for every NASCAR race.

While the employees are told theres no money for raises this year and we won't be making our share of the contribution to your 401K's.

CAUSE WE DON'T HAVE THE MONEY!

I remember the CEO's who were in charge of loosing the money being asked to leave with multi million dollar severance packages.

I remember our local Bridge Commission raising the tolls because they "Gave away" there surplus funds.

And our 2 political Parties squandering millions on nothing more than an all out party they called conventions.

If you work at a job and screw things up you should be fired plain and simple.

NOT given a severance bonus.

This is the only country on the planet where people are rewarded for being incompetent. And rewarded well.

My Dad told me years ago; If somebody looses money, somebody else gets it. They just don't throw it into a fire and it disappears.


I wouldn't worry to much, The initial post was only a Joke.

Happy Trails

Len

[Kurt (Indiana)]

It all sounds so simple.

Maybe Congress is trying to get it to the "wrong" people. What do ya think.

[kyacker]

Flood the market with our dollars. That's an awesome plan. After we get done with that, let's have a war we spend 11 billion dollars on a month to make sure that everyone has a chance to see what a greenback looks like

[Trackstriper]

Boy, I hate to be a party pooper, but as SuperTroll hinted, do the math. Mr. T.J. Birkenmeier, A Creative Guy, hopefully won't be doing the math in any serious recovery plan....he missed it by a factor of 1000.


$425 per person over 18.....and we thought we'd won the lottery.

[satch]

$425 per person over 18.....and we thought we'd won the lottery

You just pee'd on my cornflakes

[Miriam C.]

$425 per person over 18.....and we thought we'd won the lottery

You just pee'd on my cornflakes

Ok, so you tinkled in my Cheerios too but I'll take it. LCG here I come.

My X worked for an oil company and while we were in Norway they were going to spend the money to send all the wives over to Scotland shopping. Seems the clothes were expensive in Norway.

There is a difference between going belly up and having your top 100 people take a normal salary. Suck it up!

Sure we know we will BAIL them out and sure we know LA RAZA and ACORN and who knows who all else will get huge cuts but I just wannalittlecheeseandwine with it.

[Elumia]

yeah, each citizen's share of our 10 trillion dollar debt is about 30K....

Mark

[Walt M]

All I know is AIG holds my workers comp. policy. they never miss an appointment to audit my books every year to make sure they get every nickle they have coming. If thats not enough they come and inspect my shop to make sure it's safe (I haven't had a claim in 22 years of being in business) the inspection is to make sure they eliminate any chance of paying a claim. My question is who audits them when they're bundling bad debts and selling them to some unsuspecting investor and making every cent they can. and who bails me out when I have a project go badly and it ends up costing me money to finish. Thanks for the chance to vent I guess it keeps me sane. Walt

[Miriam C.]

Looks like we might not have to buy bad junk after all.