Thursday, December 14, 2017

My plan to save the taxpayer $700 Billion and the country, to boot!

Posted on December 1, 2008

Recently, I have been really troubled by all the “bail-out” talk and have been able to concentrate on little else. I have been trying to get my mind around the $7.5 trillion number and just haven’t been able to. I feel that there has got to be a better way to save the economy than throwing all this money at losing businesses.

There is talk now about another economic stimulus package. Congressional leaders and President-elect Obama have said they are committed to it, but a price tag hasn’t been worked out yet. I read a report today that 43 states are facing deficits that could exceed $140 billion over the next two years so they are sure to be on the list of recipients. So, if I do my math correctly and add the amount of the last economic stimulus package to the new “needs” the total exceeds $200 billion. Of that money, it is estimated that the states would use $136 billion for infrastructure projects.

On top of that, we have all the banks, automakers and businesses that need saving which has been estimated will cost you and I another measly $7 – $7.5 trillion dollars. In a previous post I tried to demonstrate just how much money $7.5 trillion dollars is. If you didn’t read it, please do so here.

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