My Solution to the Economic Problem

:bowrie: Here ya go......send that bailout money in the form of 1 million dollars to every household in America ! Of course with the understanding they must pay off their mortgage (s) Problems solved. Banks will be payed in full for those bad loans, and then with the left over we're back on the fast track to a vibrant economy! :bowrie: Happy days will return, but I really feel that bad banks, business etc should be allowed to fail and not be allowed to merge and infect good institutions

Its been calculated already. If you take the stimulous and bailout combined, that's like $20,000 per household.

Its been calculated already. If you take the stimulous and bailout combined, that's like $20,000 per household.

Mr Dev is suggesting a 50 times bigger bailout and stimulus package. That's all !

Let's see....should'nt be all that difficult to compute.... 305 Million Americans (not counting illegals) from census numbers, $700 Billion TARP + $820 Billion passed by senate today + another 1 Trillion needed by some estimates = $2500 Billion (more or less a few Billions) $2500 Billion = $2,500,000 Million / 305 million people = $8200 for every living person in USA. That does NOT include interest to be paid to our lenders in PERPETUITY because we can never pay it back with humongous on going budget deficits.

Let's see....should'nt be all that difficult to compute....

305 Million Americans (not counting illegals) from census numbers,

$700 Billion TARP + $820 Billion passed by senate today + another
1 Trillion needed by some estimates = $2500 Billion (more or less a few Billions)

$2500 Billion = $2,500,000 Million / 305 million people = $8200 for every living
person in USA.

That does NOT include interest to be paid to our lenders in PERPETUITY because
we can never pay it back with humongous on going budget deficits.

In other words, a 300Trillion package is what Mr Dev is ordering. PRINT it !

Bloomberg News reported yesterday (Monday) that the tally of U.S. government spending could reach as much as $9.7 trillion - enough to pay off more than 90% of the nation's home mortgages. Might as well throw in 1 more $trillian to pay off the last 10% and call it a day, eh?

Edited by IYB, 11 February 2009 - 01:27 AM.

Give me the money. I'll make sure its used to pay down every entity's debt. Otherwise it's going for liquor and cigarettes.

Edited by klono, 11 February 2009 - 08:13 AM.

What's wrong with liquor? Mark

Let's see....should'nt be all that difficult to compute....

305 Million Americans (not counting illegals) from census numbers,

$700 Billion TARP + $820 Billion passed by senate today + another
1 Trillion needed by some estimates = $2500 Billion (more or less a few Billions)

$2500 Billion = $2,500,000 Million / 305 million people = $8200 for every living
person in USA.

That does NOT include interest to be paid to our lenders in PERPETUITY because
we can never pay it back with humongous on going budget deficits.

In other words, a 300Trillion package is what Mr Dev is ordering. PRINT it !

I like to be sure I under promise and over deliver us into a hyper inflated economy for all to enjoy. Anyone want a yacht?

Then I'll deal with all currency issues as a result. One step at a time ,,you know.

Edited by Mr Dev, 11 February 2009 - 11:38 PM.