What if we gave $700Billion to Taxpayers?

[lib2DaBone]

What if we paid off every Credit Card, every student loan, every car payment and every mortgage in the U.S. ? (Bring home the troops.. that would save another $12 Billion a month) What would happen if this $700 Billion was injected into the U.S. right away? Wouldn't that put more than the whole amount in circulation and create a booming economy?

[Kalyke]

1. Of course it would, but Republicans and the DINOs

don't want the average American to have any leverage. That might threaten them.

[Virginia Dare]

2. 700 billion would create a lot of jobs here too...n/t

[Indenturedebtor]

3. 700 bln isn't nearly enough to pay every mortgage, CC, student loan, etc

You could do the Credit Cards with it though I think! Or it would be a helluvah start to a nationalised healthcare plan.

[SE_Ohio_Dem]

4. Bailout vs. Stimulus

Hmmm...taxpayers get $152 Billion in stimulus program but Wall Street gets $700 Billion (+85B to AIG, + ??? to Fannie/Freddie execs...). Looks like the American people are only worth less than 20% of what the banks are worth to this administration.

[lib2DaBone]

6. Look at Bush's stingy $300 Rebate plan

(Hey S E Ohio.. I spent 4 years in Athens, Ohio ) If Bush's stingy plan created a spurt of activity.. can you imagine $700 Billion? Put work crews out fixing the roads and bridges. Rebuild our Rail system with quiet-clean Bullet trains like in Japan. (Sorry.. there I go off on that "logical" stuff again. I forget there are Republicans in the world)


:crazy:

[kentuck]

5. Yes...

But six months from now, we won't have the money to give to the people, because we gave it to the rich.

[Lyric]

7. I liked my idea.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4082789&mesg_id=4082789

Basically, this money is considered a temporary loan with the guarantee that, whenever the securities are finally sold again by the government, that money is earmarked for domestic programs, education, emergency services, and rebuilding our crumbling infrastructure. Repukes don't get to throw it at the military, or the Department of Homeland Inanity, or toward paying off foreign governments to support our bullshit policies. It all gets spent HERE, and on the kind of common-welfare programs that benefit US--not Them.

I personally wish that the Dems would demand a few more conditions for passing this bill--like a significant raise in the Social Security income tax cap, and the implementation of tax policies that make it more profitable to build and keep factories HERE, rather than shipping those jobs overseas. Our lower working-class cannot survive on retail pay. It's usually barely above minimum wage, and offers little benefits and no pension. Industrial jobs are desperately needed. A country that doesn't make anything is a country that's doomed to fall.