19 July 2009

Bail Out Taxpayers

They need it. They know best how to use it.

Stop Repeating the Mistakes of the Past

The current recession would be over way before now, if in January 2009, $40,000 would have been sent to each taxpayer (100 million had actual tax liability) and each actual American voter (133 million), half of which are taxpayers.

The citizen bailout total would be approximately 6 trillion, 620 billion dollars, or about what they are attempting to waste now. 100M plus ½ of 133M (66.5M) times $40,000; or 165.5M times $40,000 equals $6,620,000,000,000.

Millions of American cars and homes would have been bought. Millions of jobs would have been created. People could afford control of their own health care and “end of life” provisions. They could save money for their own retirement. Help their children afford their own home. Help their grandchildren afford a quality education.

Also, everyone’s Federal income tax rate could be cut in half permanently, and foolish business taxes that are just passed on to consumers hidden in the prices of goods and services could be eliminated, along with ridiculous transfer “death” taxes that are looted from their rightful heirs.

Federal, states, and local revenues would skyrocket. Many new businesses and jobs, and some old ones would flourish. People could actually save money to take care of their personal needs and wants without the interference that must come with, so called, government benefits.

These bailouts will make the old, tired, extremely expensive non-solutions being proposed by the current government completely unnecessary; expanded government health care, unnecessary; new expensive taxes and restrictions on personal commercial freedom, unnecessary; wasteful federal education spending, unnecessary; idiotic business takeovers and financial bailouts, unnecessary; a ridiculous so called Stimulus Act (really thinly disguised social spending) badly planned and under executed, completely unnecessary.

Why then do both major political parties in Congress and the Administration refuse to cut programs and give the citizens back their money immediately allowing the US and World economies to recover?

Well, a lot of reasons. Cutting the government revenue by 40% would cut their power and influence by 40%. The broadcast and print media would lose about $1 billion in advertising sales and bribes. Politicians would lose millions in campaign contribution, bribes, and gifts, about 3 million newly unemployed would need to find real jobs.

Safety nets were in place for these kinds of economic adjustments, but over the past five decades the reserves have been looted to pay for promises of every increasing feel good social programs to buy cheap votes from those willing to take unearned benefits. Together these congressional bandits and citizen and non-citizens thieves have systematically stolen the rightfully resources of good citizens.

It’s time to put these rascals and those that conspire with them, out on the street to earn there own way.

Restore control of the National Treasury to newly elected Senators and Representatives, and yes a President, who understands where, taxes come from and who deserves full and first consideration of where and how it’s held and spent.

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