How to handle the Bailout

I'm against the $85,000,000,000.00 bailout of AIG. I'm also against the $700,000,000,000 bailout being proposed in Congress right now!

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

let's assume there are 200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- ... So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon -- that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
it would NOT be tax free. let's assume a tax rate of 30%. Every individual 18+ has
to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.
..it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife
have $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved..
Pay off credit card debt.
Repay college loans – what a great boost to new grads
Put away money for college – It'll be there for Junior.
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent's medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else

As for AIG – liquidate it. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't. Can you imagine the Coast-To-Coast Block Party!

Kindest personal regards,
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

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