SUPPORT THE BAIL OUT AMERICA PLAN

SUPPORT THE BAIL OUT AMERICA PLAN

I pledge to...

<b>Updated January 23: Friends: We really have to push this one hard right now. I&#39;ve been thinking about faxing it to Obama and all the Committee Leaders, House and Senate Chairs. As of right now, the plan being offered through Congress is approaching the TRILLION mark. Even though the TOTAL over 4 years would be about $300 trillion, the amount distributed in the first year would be HALF of what their first, and lowest proposal of $300 Billion, would be.<br /><br /> More than that, people FORGET that this money is going RIGHT BACK INTO THE ECONOMY. That means that the deficit will NOT inflate; it will DECREASE because of the increased spending power, recovery of homes, taxes that would be paid for employees, etc. To look only at the cost is a mistake. The return comes from a direct investment in the American PEOPLE!<br /><br /> Please folks, help get some really big attention on this idea. Can anyone honestly say that what Capitol Hill is proposing is any better???? How can we get this to the front page of Change.org?</b> <br /><br />The Bail Out America Plan is an alternative to the ineffective and ultimately wasteful initiatives of Congress to set our economy back on track. Congress, as you know, can&#39;t see beyond those corporations and special interests that have impelled them to come up with bail out plans for Wall Street, banks, the Big Three car industry, and who knows who else next.<br /><br />There has been no accountability for the first $350 BILLION of taxpayer dollars just given away to these "black hole" industries and corporations. That simply is NOT what is mandated by our Constitution. So, rather than throwing more money down that endless gullet of greed and selfishness, resulting ZERO economic benefit for citizens, we should focus our energies on rerouting that over $1 TRILLION dollar proposal (if you add in the hand out to Detroit to the $850 billion already approved), to THE PEOPLE. Here&#39;s how:<br /><br />Give $1 million dollars to each and every American citizen, including the disabled, calling it damages and reparations for what has been done by the Bush Administration. The money will be paid out in increments of $125 thousand every 6 months over 4 years. the program will then sunset. That money will be used by each citizen to buy back their homes, fix their cars, buy food for their families, and pay for the needs of their children. The money would have one irrevocable condition: no recipient could voluntarily quit their job or close their business for those 4 years. The penalty for voluntary quits or closure of businesses that were not closed at the inception of the program will be to empower the IRS to collect the tax on the ENTIRE $1 million, acting as a disincentive to closures and quits.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp; There must be simple eligibility criteria: a citizen of the USA at the date the program begins. Late-comers will not be included. They must not be CONVICTED prisoners of any jail or correctional facility. They must be 18 years of age and NOT a dependent of a parent or guardian. If disabled, they must be recipients of SSI/SSDI or pending approval by hearing. Job related disability must remain a coverage of workers compensation by the states. Changing jobs, getting a new job, expanding a business...all of these would be encouraged.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp; We will be able to suspend, not discontinue, subsidy programs such as Food Stamps, Section 8 housing, and even some costs under durable medical equipment, so long as controls are placed on regulation of those industries that have shown themselves to be predatory: the mortgage lending industry, the credit and banking industry, the insurance and medical industries. The money held back from programs that may no longer be needed during this time goes into the incremental pay out pot.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It&#39;s not cumbersome. It&#39;s simple. It has no pork attached. It&#39;s sleek. I don&#39;t think it can create a recession or depression. And it IS financially do-able. Rescind the Wall Street bail money (for bad faith by the Wall Streeters). Rescind the banking bail money for the same reason, and suspend payment to Detroit.<br /><br />As each Cabinet head goes through each line item, put that into the Bail Out America pot.&nbsp; Who couldn&#39;t work their homes out of foreclosure with that? Or buy or fix their cars? Or find a bit to give to charities? Or infuse&nbsp; all the manufacturers with capital earned from sales? Some claim that my Bail Out America plan would create inflation and wreck the mortgage industry. Why? If the plan was structured as incremental, $250,000 a year would not be enough to destroy this or any industry. It would, however, be enough to encourage very low rates for interest on just about everything. I would think that many persons would still play the market, stash money into 401Ks, start savings, etc. Of course others could be victims of scams as well. How exactly is that any different than the here and the now of the mortgage, banking and scamming industries? Supply and demand would be rebalanced, with oversight and regulation on those who have already shown themselves to be untrustworthy, such as the oil and gas industry, the credit industry and Wall Street.<br /><br />Will it need a little fine tuning? Sure. Will the big corporations, still corrupt Congressional leaders balk and fight at the notion that only John Q. Citizen can cure the economy? You&#39;d better believe it! <br /><br />The one ray of hope here is that we have a new President, Cabinet and Administration. President Obama told us that he wants our help to "think outside the box" to resolve our economic problems. There is no question that Congress just can&#39;t seem to think anywhere else.<br /><br />So please sign this pledge if you like this plan. Share it with your friends on Change.org. Copy and paste it to send a free e-mail to your <a href="http://www.congress.org">Congressional delegation</a>. Whatever you do, MAKE SOME NOISE TO BAIL OUT AMERICA!

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