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Congress wrangling with the lame duck pres. over the details of how to give away 700 Billion dollars, that's B for Billion to the banks, lending institutions, AIG insurance.
I've got a better idea, Uncle Sam should give the money to us, the US Citizens. Then, we will solve our own problems.
We'll be able to buy hummers, pay off our homes, or buy new ones, send our kids to college, and generally, live high off the hog for awhile, like the big corporate execs do. when the money runs out, we'll just go back to Uncle Sam for more, Uncle Sam can be like our rich grandpa, and we'll all be his step children.
Remember what they're saying about this bailout now, there are no guarantees that this will fix the economy. Ok, if they're willing to shell out 700 Billion with no guarantees, why not give it to us? we'll put the cash to very good uses. I myself would like to be a homeowner again, we lost ours a few years ago when I became disabled, and we're now living in a travel trailer. We could use some extra cash right now!
Senator Bernie Sanders has a better plan of imposing 10% surtax on incomes over $1 Million a year for couples or $500K for single taxpayers. It would raise more than $300 Billion in revenue over five years.
You might want to read his letter to Secretary Paulson and sign the petition.
U.S. Senator Bernie Sanders (http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1 - broken link)
While that might seem to be a great idea, it still doesn't address the situation now. If a tax such as this is imposed, wouldn't Americans who use banks see higher banking fees than they are now? Presently, if I can't find a my bank branch and need cash, I pay $4.00 to the ATM's bank, and $2.00 to my bank for not using their ATM, so, I get screwed out of $6.00 to get my money.
I still think Uncle Sam handing out money to US, is a better idea, it would solve a lot of problems, and possibly create more, for US Citizens, but who knows? If I were given 1 Million Dollars, I'd be spending it wisely.
Quote:
Originally Posted by AksarbeN
Senator Bernie Sanders has a better plan of imposing 10% surtax on incomes over $1 Million a year for couples or $500K for single taxpayers. It would raise more than $300 Billion in revenue over five years.
You might want to read his letter to Secretary Paulson and sign the petition.
U.S. Senator Bernie Sanders (http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1 - broken link)
Oh, and maybe a better job than the banks executives did too?
We're pretty good money managers, my wife & I, we look for bargains on everything we buy, we conserve energy, we watch what we spend, so our money lasts through the whole month, budgeting is the key.
Quote:
Originally Posted by Cunucu Beach
Sounds like a good plan to me. We could certainly do a better job than Congress has done with our money.
Let me get this straight. The Reps want a bill in which Wall St. bails themselves out, and the Dems wanted to just hurry this thing through putting us taxpayers on the hook.
Let me get this straight. The Reps want a bill in which Wall St. bails themselves out, and the Dems wanted to just hurry this thing through putting us taxpayers on the hook.
While that might seem to be a great idea, it still doesn't address the situation now. If a tax such as this is imposed, wouldn't Americans who use banks see higher banking fees than they are now? Presently, if I can't find a my bank branch and need cash, I pay $4.00 to the ATM's bank, and $2.00 to my bank for not using their ATM, so, I get screwed out of $6.00 to get my money.
I still think Uncle Sam handing out money to US, is a better idea, it would solve a lot of problems, and possibly create more, for US Citizens, but who knows? If I were given 1 Million Dollars, I'd be spending it wisely.
I’m sorry to hear that you’re getting screwed for $6 at your bank. However I can’t connect the dots between your ATM losses and the government bailout? Did you read Bernie Sanders letter to Paulson on the link? And yes I can understand that you’d like a million dollar bailout for yourself but there isn’t any free lunch so who’s going to pay for it? Best bet is to go buy a winning lottery ticket; that will occur before you see any money from Uncle Sam in your pocket.
The banking fees are high and they make a lot of money from them, however that isn’t the cause of the problem nor the fix.
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Another Way
What About US?
Maybe Better Than
Did you read Bernie Sanders letter to Paulson on the link? And yes I can understand that you’d like a million dollar bailout for yourself but there isn’t any free lunch so who’s going to pay for it? Best bet is to go buy a winning lottery ticket; that will occur before you see any money from Uncle Sam in your pocket. 
