I've been reading about the bailout that just passed in Congress. I'm a little disheartened that the House caved so easily. I thought for sure my letters would pursuade them otherwise. There certainly were plenty of others who, like me, opposed the bailout. It seems many of us agree that Senator Bob Bennett is whole-heartedly backing himself. He stood to lose a lot if the bailout bill failed to pass muster. Just so you know, the blog I have been participating in re this subject was started due to an article on KSL.com. There were ays and nays aplenty, so it wasn't just a Bennett-bashing thing (although even those for the bailout generally agreed with the ouster of Bennett theory).
Realizing that [we] all stand to lose something, and that there is no "win-win" solution, I still feel that there has got to be a better way to solve this ongoing problem of fiscal solvency. One thought would be to take the "personal interest" out of the decision-makers hands. I mean, come on, it's an election year. We need to line pockets! and who lines the pockets... uh huh... you get where I'm going. One of the hair-brained ideas someone suggested in my history class today was to go completely crazy and put some people who actually have some financial expertise on the oversight committee. Crazy, I know.
Apparently there is an email going around with probably the best idea ever! While I haven't seen it, from what I gather, every adult US citizen would be given $437k. Of course, that money would be taxed... 30% ... which would go back into the federal coffers, and would pay back many millions of the deficit. The remaining $300k (give or take) would be ours for the spending. And honestly... tell me you wouldn't. Pay off the house (stimulate the economy) pay off the car... and heck, buy a new one! (stimulate the economy.) Pay off those pesky credit cards (got the idea yet?). By now we're all probably out of money. So guess what... back to the credit cards (stimulate away). Think about it. Would you be willing to help out your country this way? Ok, I know there are those who would do the "responsible" thing and invest [some of] it. But that's still helping out.
Okay, I'm tired of talking about this. I'm sure it will be a topic of conversation for many, many years to come. You've probably quit reading so I'm wasting valuable energy. Time to read some more of "Uncle Tom's Cabin" and stimulate my brain.
How many congressmen does it take to balance the budget (I know it's old, but still...)
Wednesday, October 1, 2008
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