Quote:
Originally Posted by SeaWolf
I have read the threads, but they don't address the fact that the amount of bailout money that has already been paid out added to the amount of bailout money that is currently committed exceeds $75,000 per household... and they're still talking about increasing the current bailout totals. The vast majority of US households don't earn $75,000 in a year. It has been a colossal failure to give money to failing companies. It would have been better to distribute the bailout funds to the households/taxpayers/citizens (whatever you want to call them). It would still be better to distribute the remaining funds and any increase in bailout funds to the households. The economy would start moving immediately as people would start to spend the money on goods and services and the failing business might very well be turned around by these purchases... so long as they correct the problems that caused them to fail in the first place. And if they don't correct the problems... good bye and good riddance.
Loree
Aboard SeaWolf
CruisersLife.com
|
This couples well with what I said about cutting income taxes in half. Heck, eliminate income tax for a year and watch how fast things grow!