This blog post was inspired by our very own Mark Sanfilippo, so thanks Mark for what is a great idea.
According to the U.S. Census Bureau, there are over 227 million U.S. Citizens 18 and over out of an entire population of roughly 306 million (http://www.census.gov/).
Congress is debating a $14 billion bailout for the auto industry that as of today was killed, but everyone knows will eventually be passed (probably after more pork is added). This on top of the $1 trillion bailout we all loved to hear about this fall.
The news is all about how Americans can’t afford to buy cars, or gifts, houses, etc. and therefore the government is bailing out these industries to support the economy.
The solution: Instead of bailing out these businesses, why doesn’t Washington give $1 million to every U.S. Citizen over the age of 18. Then, we can pump that into the economy buying more cars, houses, gifts, you name it. Some will invest it, some will blow it all, but $227 Million or even $306 million would be a much cheaper solution than over a $1 trillion.
$227 million vs. $1 trillion and growing in bailouts…hmm…sounds simple but then that’s probably because Washington didn’t come up with the idea.
Posted by Greg Davis on Dec 12, 2008
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