Bail out

fishmasty

If the govt.instead of bailing out the big companies gave everyone a 100,000.00 stimulus check it would serve 2 purposes. 1 most everyone would pay off their mortgages and outstanding credit cards/bills and 2 the companies that are soliciting bailout money would be receiving their outstanding debts thus not needing the bailout money. After the smoke cleared there would be more money out there because people would feel more comfortable buying things.
I heard on some radio talk show it would save the govt $$ also.

BOBBYWINS

Where do I sign up?

[:D][:D]

BW

Lucky_Lefty

the problem is the government doesnt think like that. it would be a good move, and great for people that are in line to lose their houses. thats why AIG had a 375k retreat after they got their bailout money, and all the corp bosses will get that million dollar bonus.

gbeggrow

+1[;)][:D]

quote:Originally posted by BOBBYWINS
Where do I sign up?

[:D][:D]

BW

Old-Colts

Sounds like a plan, but I would tie it to a household's/individual's 2007 gross income as reported on their 2007 tax return. The calculation would take the 2007 household's/individual's gross income divided by 100,000 times $100,000; but the stimulus would not exceed $100,000 per household/individual. Then, all existing household/individual debts must be cleared using the calculated stimulus with the remainder going to the household/individual. Let's see, currently we would get $98,800 after debt liquidation; let's do it! [^][:D][:D]

slackmason

i dont have any debts, but, i dont have a house or a car either, i have one credit card that i pay off every month. so the $100,000 check would be AWESOME, i'd blow it all on the 3 G's ,Guns Girls and Gamblin'!
maybe id buy a car...

fishmasty

quote:Originally posted by slackmason
i dont have any debts, but, i dont have a house or a car either, i have one credit card that i pay off every month. so the $100,000 check would be AWESOME, i'd blow it all on the 3 G's ,Guns Girls and Gamblin'!
maybe id buy a car...

I am sure a lot of folks would blow their money but it would be going right back into the local economies and that would give the boost that is needed. The folks that pad off their mortgages and debts would also feel more comfortable spending /saving more money.

Just a thought, technically it is Our Money anyway, and most of us do balance our checkbooks and live on a budget and within our means (when there is work)

redneckandy

If everyone got $100,000 to spend prices on everything would go up so fast it would make your head spin. And do you think the people that are behind on their bills would use the money to get out of debt, or would they but a new car instead?

footlong

Fishy-If the govt gave money to us it would NOT help the bloodsucking
banks[V][V][V]

fishmasty

Well it was just a thought. The blood sucking banks are getting anyway,..............

Old-Colts

quote:Originally posted by footlong
Fishy-If the govt gave money to us it would NOT help the bloodsucking banks[V][V][V]Actually, if handled correctly with debts being automatically cleared before an individual got any of the money; an individuals debts would be paid off or down and not only would the banks be receiving money with bad loans being paid off/down, but the individuals would benefit with debt reduction as well as the possibly of a cash infusion!