Here Is The Way To Create Jobs, Now!! Ending This Downturn.

This communication is about how to get our economy moving and creating the needed jobs to pull us completely out of this downturn. ( PLEASE PASS IT ON, NOW !!!)

There is a solution!! The economy needs to be stimulated, much as it was in the last economic upswing, by us, the consumer. Consumer spending accounts for 70% of economic activity. When money is placed directly into the hands of consumers, calculates the federal government, it turns over at least 1- 2 times. The solution rests with the baby-boomers, who are estimated to be 68-72 million consumers, who are retiring over the next 18 years at a rate of approximately 10,000 per day. They do not currently have the option of taking down “partial distribution payments” from the Social Security Trust Fund. This has long been a requirement for private sector pension plans to offer this option to potential retirees. I feel it should be offered to all retirees @ 66 years of age who are taking down "full" retirement benefits.

 Imagine the economic impact if the laws governing the largest retirement payer in the world, Social Security, were expanded to allow "PARTIAL DISTRIBUTION" payments. This modification would make it possible for retirees to take up to a suggested $20,000.00 or $40,000.00 dollars in a partial distribution payment from their Social Security Retirement Trust Fund, as they retire, leaving the remainder of their retirement funds to be received in monthly annuity checks. For example, if my principal is $313,000.00 dollars ( the amount my monthly Social Security check of $1800.00 dollars is based on @ 6.9% interest rate ), and I chose to roll over a principal of $273,000.00 dollars to Social Security, taking down $40,000.00 dollars to use as I choose, Congress could alter the laws to allow me to do this. The Davis Stimulus Plan will not increase the deficit, keep in mind, my monthly Social Security check will be reduced correspondingly to $1569.00 a month because it is now based on $273,000.00 dollars rather than $313,000.00 dollars. This plan will not bankrupt the Social Security Trust Fund, because the Trust Fund owes these boomers the money anyway. All Social Security will be doing is giving an advance payment option of up to $20,000.00 or to $40,000.00 dollars to eligible recipients as they retire. IT’S THEIR MONEY. To incentivize the plan, the government could waive the taxes on the first $20,000.00 dollars or, tax it at a reduced rate. By extending the partial distribution option which is required among private pension funds( private pension plans must present this option, among other options, at the time you are thinking of retiring and rolling over your retirement funds), to Social Security and modifying the taxation on the first $20,000.00 dollars withdrawn from any retirement fund, Social Security included, Congress effectively creates a pool of capital big enough to stimulate the economy, creating jobs. Boomers could dump as much as $200,000,000 dollars into our economy each day, based on the 20k advance, ( $20,000.00 x 10,000 ) which amounts to approximately $73 billion dollars a year. Imagine, that number doubles to $400,000,000 dollars per day pumped into the economy if the take down amount of the advance is raised to 40k. Our objective should be to have Congress enact legislative changes to Social Security to make this possible. Sponsor: James Davis . Go to www.Jobcreationnow.com. for more information. Let’s start this conversation.