How to payoff the bailout packages with 0% Taxpayer $$$

A combination of greed on the part of our Government and select corporations got us in this pickle and they want us to foot the bill. I have a much better idea, and with some good ATS contributions to this thought process I imagine we could come up with an excellent list of ways to put these liabilities back into the hands of those responsible.

So I'll start us off:

1.) There are 435 Members of Congress and 100 Sentators each recieve an annual salary of $169,300 and have voted themselves a "cost of living" increase of 2.8% beginning January 2009


Take away their raise and we now have $2,536,114 towards the bailout.

www.senate.gov...'*2%404P%5C%5B%3A%22%40%20%20%0A


During the Great Depression Congressmen actually took a paycut - I think this is another great idea so I will submit that as #2

2) If we reduced the salaries by a mere 5% $4.528,775 towards the bailout.

I think that this is actually generous when you consider how many days they actually work. In 2006 it was 103 days - Thats an average of 2 days per week. I could go for a job like that.

www.foxnews.com...

3) Airfare I can't give exact figures for this one but accountability here is a must and I can guarantee with accountability will come responsibilty (Pass a law that any trips paid for with Government or Campaign funds need to be posted onto 1 database on the internet open to the public) -

I'm going to put out This will add $5,000,000 to the bailout although I have the feeling its much, much more

www.usatoday.com...

#4) Cut Pork Barrel projects - In 2008 11,610 projects were introduced into the 12 appropriations bills worth $17.2 billion (I'll be generous and say we could cut out 1/2 of them) $ towards bailout 8.6 Billion Dollars!!!

www.cagw.org...

Definitely take a look at the link...You'll definitely be shaking your head wondering if you read it right.

#5) 25 Billion fron unreconciled transactions from the 2003 Audit

#6 100 Million from Unused Refundable Airline Tickets

#7) 5.8 Million from Embezzled funds by the Department of Agriculture

#8) $300,000 Credit Card Abuse by the Dept. of Defense

#9) 20 - 30 Billion Dollars from Medicare Discrepancies / Overspending

10) 2 Billion from Funding Fictitious Colleges and Students


www.heritage.org...

[edit on 25-11-2008 by angelonmyshoulder]

# 11) Many Billions - Have Iraq pay for their own restructuring costs. - There are many areas of our own country that need schools and hospitals and such... New Orleans maybe?

hsgac.senate.gov... ar=2008

www.globalsecurity.org...

[edit on 25-11-2008 by angelonmyshoulder]

12) 8.75 Billion from recovery of Fraudelent Contracts from Hurricans Katrina

oversight.house.gov...

13) Billions from Recovery of other Fraudelent Contracts

www.washingtontechnology.com...

It’s very telling that intelligent Sheeple can't see the obvious cost saving (on top of your excellent ideas). How about cutting abolishing world 'defence' budgets? I mean here in the UK the NWO gov are shovelling 26 Billion into a system 'Trident' that could never be used without wiping us all out.

We are so mind washed into actually believing that we need to have these killing budgets, using my money. It disgusts me and not one of the political parties will back a massive defence cut! Vote: NONE OF THE ABOVE

You could find billions upon billions of dollars. Heck I haven't even started with the corporations yet. I'll leave someone else to think of those ideas.

Considering almost every politician is extremelly wealthy before they even become one.
They should get paid at all.
This would keep the psychopaths away and allow honest decent caring people to run country's.

how about a 5% windfall tax on high net corps? Take only the top eight listed here:
money.cnn.com...

that would fetch $612,291,550,000.00

Excellent !

What about revoking the oil tax incentives to Big Oil - $18 Billion


reply to post by imd12c4funn

reply to post by angelonmyshoulder


Federalize the FED, print the money to pay off the federal debt, eliminate income taxes and fully fund all existing federal programs plus a stimulus that goes directly to the people - ie green energy, infrastructure, local government projects.

reply to post by angelonmyshoulder


This is all being paid for by the sale of treasuries.

The interest will be paid for by treasuries.

Interest on that will be paid for by treasuries.

Hence National Debt does not go down. Doesn't need to.

reply to post by imd12c4funn


Before you suggest a windfall tax, measure profit as a percentage of revenue....The average corporate profit is 9-12%, so if Exxon revenue jumps dramatically, but they are still making a profit (net from subtracting expenses from revenue) of around 10-11%, is it a windfall?

No, I own no stock in US oil companies or am an employee....

reply to post by Rockpuck


Assume you mean T-Bills.....

What if global confidence in the governments that issued the treasuries and their ability to pay goes to he**?

bailoutmainstreet.com...

The best way to pay it back is stop believing that money is real. Full elimination of the FED would equal nothing to pay back; they are the catalyst to all of our problems. This would still cause some hard times, but we would not have to be slaves anymore. Your belief in the dollar makes your life revolve around it, and the elites will continue to use money to control all of us. The world needs a mass reset, minus the elites.

Even though this is paid for by Treasuries.

Treasuries themselves are another debt obligation that our tax dollars are used to pay the interest upon to the purchasers of said Treasury notes.

So essentially we're incurring more debt to pay for these Bailouts ,and only further exacerbating the problem with the overall deficit.

This is why I feel that the US Govt. will go bankrupt before too long.
Historically this is what has occurred with all governments with excessive debt.

What is indeed the scenario if we do go bankrupt? Do all our debts get erased and we get to start over? I would be for that because God knows it would be easier than trying to do what seems an impossible task of trying to dig our way out of this mess?

I imagine other countries would stop shipping us stuff if we couldn't afford to pay but wouldn't that be in the short term exactly what this country needs to put Americans back to work and boost our own economy?