Friday, November 21, 2008

Dear Mr. President, I am not crazy.

http://www.timesobserver.com/page/content.detail/id/508873.html?nav=5004

Dear editor:

Stimulus plan that works.

I've read in the Jamestown Post Journal how two people wrote about a plan that would bail out the economy, and their plan is good but not right. One wrote, take 87 Billion dollars and divide it with 200 million people 18 years and older. Each would get $425,000.00 but really each would get $425.00. Another wrote, take the $784,000,000,000.00 used to bail out the insurance companies and banksthat were in trouble, divide that money with the 200 milliom people, that each would get about $3,900.00. This is good, but it would not stimulate the economy much.
Now I've never gone to coolage and I'm not good with math but I do know that $784,000,000,000.00 is a great deal more than 200,000,000. Why can't the government take $100,000,000.00 and divide this among the 200 million people that filed a tax return like the last stimulus package, each woud receive $500,000.00. Now this not tax free, you would have to pay taxes on this money, what ever the tax percentage would be. The one person figured about 30%. So 30% of $500,000.00 each person would end up with $350,000.00, this would fix a lot of problems.
People would be able to pay off the mortgage on their home, student would be able to pay for collage, people would be able to put money in the banks, so the banks would have money to lend. People would be able to buy things, so jobs would call people back to work to make the products for the consumer. Job problem solved.
As I said, I'm no wizard, but with a plan like this, the national debt would not have to be as big as it is. The taxes each person pays for this money could go towards paying off the national debt and a lot of problems would be solved. So why can't the government see this and figure it out. If someone has and anwser to this, I would like to know.

Robert Frederick

Warren, PA

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