by Darlene J. Coomes

Created on: December 18, 2008   Last Updated: February 02, 2009

Ideas to Solve the American Economic Crisis

In recent months, because of the deteriorating economy created by Banks, Wall Street, Corporations, the past Administration and Congress, the taxpayers have had to pay billions of dollars in bailout money. The banks, when they received a portion of the bailout, failed to hold up their end of the bargain to help ease the economic crisis by loosening the credit market and passing it on to Middle America. However, that hasn't stopped the greedy buggers, who are part of the problem, from continuing to hold out their hands for more. The majority of our 300,000,000+ population a.k.a. Middle America, Main Street, Joe the Plumber are once again left out in the cold and made to shoulder the burden. If the new administration is all about "change", then let's help the taxpayer for a "change".

You've heard of the K.I.S.S principle? Keep it simple stupid? For less than one billion dollars we could give every U.S. citizen, man, woman and child, one million TAX FREE dollars ($1,000,000). Even with administrative costs we'd most likely still be under one billion. Plus, those who have made their millions and CEO's who already make mega bucks and have screwed up our economy would be the ones left out for a "change". We could set a limit or guidelines on income, like the $250,000 President Obama has suggested for the tax schedule. We might want to set it at $500,000 or $750,000. That would cover the majority of our 300,000,000+ population.

MOST families could:

1. Pay off mortgages (ending foreclosures)

2. Buy an existing home or build a new home

3. Buy a new car

5. Pay for needed medical services or existing medical bills or any other bills,

6. Pay for college,

7. Invest/save,

8. Start a new small business, or expand an existing business, which would create or save jobs.

9. Buy new appliances etc.

10. Give to charities

The economic problems solved, the jobs created and the possibilities and opportunities presented are endless as that money turns over and over many, many times. A distribution time table could be established for the total amount to be dispersed, so that the market isn't flooded; perhaps quarterly by birth dates or some other fair and equitable plan.

Let's call it the "1 for 1 Bailout; One million for One Citizen"

The cost - compared to the trillions spent and being considered now by our government - is a drop in the proverbial bucket! We'd have virtually debt free citizens with a new lease on life and a major jump start on the economy. A bail out for the "Little Guy"! Imagine that! What a concept! But as the TV commercial states, "What do I know? I'm just an 800 lb gorilla sitting in the corner". AND, I'm just a fed up senior citizen struggling to survive.

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