Give Proposed Bailout Money to every US Citizen - Brilliant!

If the Gov't is serious about fixing this mess, why not force all the banks to reset EVERY mortgage as a fixed rate of 4% @ 15,20,25, or 30 year depending on how far into your mortgage you currently are. That way all excess money left in the household would now be available to use to buy goods and services ~ thus helping the economy.

nonsense, 85billion is 85000 mill divided by 200,000,000 or 85/200 is about 425.00. not 425,000.

reply to post by iggster

Agree, Agree, Agree -- but I think the math is off! If the true debt for this bail out is $7 Trillion (which it will be) then each Taxpayer would receive about $40,000. Which is enough! The $7 Trillion is based on the S&L Bailout -- they approved $500 Billion which turned into $3 Trillion. This is worst -- thus, bigger price tag.
The fix can be in . . . with each person receive $40,000. With stipulations, i.e. Must have filed a 2007 tax return. Must be at least 18 years of age. Distribution is less applicable tax. There is only one (1) distribution per household. Those 18 years old only qualify only if they are living away from home and it is reflective on their 2007 tax filing. Those 18-21 years old, are required to secure distribution in a bank savings account until age twenty-five (25). Acceptable withdrawals for that group are limited to direct payment to certified educational institutions. At age twenty-five (25), those individuals may receive the remainder of the Distribution. Every person receiving the Distribution must purchase health care for each individual within the household as represented on their 2007 tax return.

This fixes every facet of the economy!
Keep getting the word out and maybe we won't have to live in our cars!

I am against the bailout, after all the country is already in a deficit why should we put ourselves in more of a deficit just to help out banks who were too stupid not to give loans to people who could not afford them.

Hmmm.. news flash..

The bailout is not for the americans... it's for the foreign investors with the taxpayers accountable for any loses.

So hmm... sorry to break it to you.. there is nothing for the average US citizen.

Oh.. there will be an increase somewhere down the line for you... Tax Increase...

It all got turned around to make it seem as if average peoples credit is what caused this problem ,when in fact it was banks and mortgage companies breaking the mortgages up and selling them over and over until some one realized that that a 250,000 dollar mortgage had been sold and traded so many times that it became worthless ,it was a big money market scam free for all, the first sellers made the money, the ones left holding the bag when the truth came out are screwed.

From the NY times:
"In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billionrescue of the financial industry"

If we're going to do this, we need the right numbers here! LOL

So, that would be $2,450 per person (3,500 - 1050 [30% tax]).

reply to post by Realtruth


Not to every person in the United States, but to those who have filed income tax for the past five years. Give each of them $100,000, and make sure that the money goes to paying off their debt. This will stimulate the economy and free up people to begin buying again. People do the math based on the U.S. population, approximately 300,000 million. That number inclused non-citizens and undocumented people; not to mention children and minors. Just the adults citizens who have filed taxes!

reply to post by iggster


His math is based on the 700 billion bailout.

YES. I absolutly agree. Is there anyway to make something like this a reality?

I agree we need to stop bailing out the banks and big biz with loans, but I am also realistic enough to know that Obama is still going to insist on another bailout/economic stimulus package. I think the best idea I have heard so far was to use the money to pay off everyone's credit cards and then put new rules in place to prevent the rampid debt making that has put us in this pickle in the first place.

Isn't 85,000,000,000 divided by 200,000,000 equal to 425 and not 425,000?

[On the web site (ask.com) anyone can find out the population as of today 2/10/09 is 305,794,868 NOT 85 billion Now divide 700,000,000,000 by OH what would you guess 305,000,000 18+ people??? then do the math i]reply to post by iggster

reply to post by Realtruth


THEY ARE ALL CROOKS. INCLUDIN OBAMA. I VOTED FOR HIM BUT UNFORTUNATELY AM BEGINNING TO BELIEVE THAT HE IS PART OF THE PROBLEM...BAILING OUT ALL THESE LOSERS. AMERICA IS BETTER OFF WITHOUT THEM IF THEY CANT GET THEIR # TOGETHER...LET'S NOT CONTINUE ALLOWING INCOMPETENCY -

Dividing wealth from the government to the masses has a name. Its called communism. On a board where everyone is paranoid about a socialist take over then would redistribution of wealth to the masses not be the start of that? Take money, land, food, etc. and just divide it up so everyone gets a fair share? Marxism. Even if you did get the $425,000 dollars or the $40,000 dollars guess what? It would be worth practically nothing. The value of the dollar would bottom out because everyone has money.