I have "solved" the economic crisis [View All]

[SoCalDem]

I overheard a bit of a hearing and Evan Bayh was going on and on about how important it was for us to engage in "debt forgiveness" in order for third world countries to become self sufficient and solvent.. The comment was made by someone, that if all their money goes for debt and debt service, they cannot afford to buy our goods..

Well ....D U H !!!!


Here's my plan.. Everyone who makes under 300,000 a year ($600,000 for a couple) gets their "debts forgiven"..up to say....$100,000..

Can you imagine how the economy would BOOM if the govt actually DID something FOR its people, instead of TO its people..???


Part of the deal would have to be the relinquishment of all credit cards except for one..and that limit would be a hard and fast limit of no more than 10% of annual gross salary..

The economy right now is running on bravado and bluster...borrowed money.. If we are to emerge as a healthy and vibrant economy, people have to be able to spend REAL money...

Can you imagine the boost it would give people if all of a sudden they were debt free?? And for those who are already frugal, and do NOT use credit, they could also get their "windfall" after the average was established, in the form of IRA/401-k or investment of their choice..

It could be a one time "re-adjustment".. If we can manage to scrape up 87B to rearrange the dirt in Iraq, we could certainly do something for our own citizens.,..


and what would we do with all the debt collection agencies and credit card "pushers"??

I hear Mc Donalds and Walmart are hiring..:evilgrin: