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Fixes for the economic fix we're in
http://www.tampabay.com/ ^ | 2-8-09 | David Otterson

Posted on 08/25/2009 9:56:24 AM PDT by gratefulwharffratt

We asked for your ideas to fix the economy. You sent back far more than we could print. Some of you were serious. Some of you were kidding (we think). As Congress sends President Obama a stimulus package nearing $1-trillion, you have plans of your own: Raise taxes! Slash taxes! Make China pay! Make athletes pay! Invest in bullet trains, nuclear reactors and missions to space! Or, marijuana could save us. See what you think.

Put America first

Patriotic retirement: There are about 40 million people over 50 in the work force …

pay them $1 million apiece severance with stipulations.

They leave their jobs. Forty million job openings — unemployment fixed.

They buy new American cars. Forty million cars ordered — auto industry fixed.

They either buy a house or pay off their mortgage — housing crisis fixed.

David Otterson, Largo

Excerpted, due to length of article. This article is old, but is currently making the rounds on Facebook. I thought that this letter put into easily understandable terms the staggering amount of debt we are piling up. The sad thing is, I can't see any flaw in the author's plan. If we have to spent this much money, at least his plan seems to keep it out of Washington's hands.


TOPICS: Politics
KEYWORDS:
What IS the best way to harness the usefulness that several trillion dollars could provide? (Is the author's math correct? Would that be 4 trillion, or 40 trillion? Are there really 40 million people over 50 years old in the workforce?)
1 posted on 08/25/2009 9:56:24 AM PDT by gratefulwharffratt
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To: gratefulwharffratt

Best answer given...

WHO NEEDS GOVERNMENT? The collapse caused by 95 years of too much government printing, borrowing, spending, meddling and corruption cannot be solved by more of the same. Take power and money away from the federal government and trust the free enterprise system to fix itself through individual resourcefulness.

C. Burt Linthicum, Tampa


2 posted on 08/25/2009 10:05:12 AM PDT by Lucky9teen (World War II was the last government program that really worked.)
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To: gratefulwharffratt
I don't know about 40 million Americans over 50 still at work.

My brother is 51. He's putting 2 kids through college, with another still in high school. He's not exactly in the market for a new car right now.

Particularly if he is essentially "mandatory retired" tomorrow, and then made to pay off his house, and buy a car. When he just became unemployed.

What kind of Obamamath is this?

3 posted on 08/25/2009 10:05:15 AM PDT by willgolfforfood
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To: gratefulwharffratt
They either buy a house or pay off their mortgage — housing crisis fixed.

More likely they will buy a 2K house and finance the 1K with a shady bank and we'll start the whole cycle all over again.

4 posted on 08/25/2009 10:08:12 AM PDT by Lorianne
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To: willgolfforfood

The author was suggesting that we give each of them (like your brother) a million dollars... provided that they use it as listed in the letter.


5 posted on 08/25/2009 10:10:56 AM PDT by gratefulwharffratt
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To: gratefulwharffratt
That's just going to balloon Social Security and Medicare payments through the roof, if all the people that currently have to wait until they are 62 are dumped into that system for an extra decade.

Liberal don't even understand the CONCEPT of unintended consequences or secondary effects. They ALWAYS think that if you just doubled tax rates you'd collect twice as much money.

6 posted on 08/25/2009 10:26:11 AM PDT by willgolfforfood
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