Great Idea for a Federal Bailout Plan

This is a discussion on Great Idea for a Federal Bailout Plan within the Off Topic & Humor Discussion forums, part of the The Back Porch category; Who would want to be president of the US for 200,000 per year when Oprah make 60 million a year as a talk show host. ...

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Thread: Great Idea for a Federal Bailout Plan

  1. #16
    VIP Member Array HKinNY's Avatar
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    Who would want to be president of the US for 200,000 per year when Oprah make 60 million a year as a talk show host. Better yet Dept of sanatation workers can make that must picking up garbage, the 200k part. Is it me or is something upside down here.

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  3. #17
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    Quote Originally Posted by HITCH KING View Post
    Who would want to be president of the US for 200,000 per year
    You're a little behind the times.

    POTUS salary is $400,000.00 per year.


    When you’re wounded and left on Afghanistan’s plains,
    And the women come out to cut up what remains,
    Just roll to your rifle and blow out your brains,
    And go to your God like a soldier.

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    Terry

  4. #18
    Senior Member Array hudsonvalley's Avatar
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    Quote Originally Posted by JonInNY View Post
    I'm against the $85,000,000,000.00 bailout of AIG Insurance Company.

    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 billion... 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.

    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?
    Bravo....such a sad state we're in.....well said.
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    ---Ronald Reagan

  5. #19
    Member Array cobra4246's Avatar
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    Best bail out PLAN

    Subject: Best Bail Out 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 $425,0 00 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 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 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 the geniuses at AIG or in Washington DC .

    And remember, The Family 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.

  6. #20
    VIP Member Array farronwolf's Avatar
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    Someone already posted this earlier, and it is what one might call fuzzy math.

    You should check your figures. I will try to find the post from before.

    Yep, it was this thread.

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  7. #21
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    The numbers are off ... uh ... by just a little bit (by a factor of more than 100).

    Even $700B spread amongst 200M people results in "only" $3500 per. For some of the egregious examples out there, this is only one month's house payment on that over-extended McMansion.

    $400K though? That would jump-start quite a lot, effectively sidestep the Wall Street and Pennsylvania Avenue folks that mismanaged much to get us to this point. But, $400K per would cost the equivalent of bumping up the entire U.S. $10T national debt more than seven times.

    That $85B proposed? It would cover Big Macs for a family of four across a week, perhaps, and would nowhere near cover McMansion anything.

    (Didn't read that other thread, but I suppose it's much like this.)
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  8. #22
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    I got the email too... its a nice thought, but understanding simple economics, it will make things worse in the long run.
    "Just blame Sixto"

  9. #23
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    I would think mass inflation and the total collapse of the dollar.
    Mark Twain:
    The government is merely a servant -- merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a
    patriot and who isn't. Its function is to obey orders, not originate them.

  10. #24
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    Smells like socialism. I don't like it.
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  11. #25
    Senior Member Array luvmyglock's Avatar
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    I agree with some here, why the heck is the government bailing everyone out? If I start a business and it fails, the govt isn't bailing me out. Why is AIG any different? I say let 'em burn.....
    EVIL PREVAILS WHEN GOOD MEN FAIL TO ACT.

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