Monday, November 8, 2010


Matthew 7:6 "Give not that which is holy unto the dogs, neither cast your pearls before the swine, lest they trample them under their feet, and turn again and rend you."

Of what use were the government issued bailouts and stimuli?
Is your life better - or do you have even more debt with even worse prospects?
Three TRILLION dollars?
Why? For what?
The same money could have been spent through credit unions (The debt for each region would have been locally owned.) to pay off every Americans outstanding credit card debt ($980 billion), AND every Americans outstanding student loan debt ($960 billion), while still having enough to give each state 20 billion dollars to settle their debts.
The remaining 60 or so billion dollars could have been used to create start-ups (High Efficiency Power Grids, a chain of Hydrogen filling stations for Hydrogen powered auto mobiles, High Speed Rail System, whatever...) which could have issued stock directly to tax paying citizens which could then be traded to others.
Each person would then be responsible for his own wealth and any complaints would then have been directed towards himself (Instead of at Obama).
Each productive working person would then benefit from a jubilee-type freedom of debt.
Sure, the economy will probably fail and the world will probably suffer from it - but by focusing on stability instead of growth, you don't have to be one of the proles begging for help.


Val said...

The American people don't have lobbyists and Wall Street does. That's why Wall Street got the cash and we didn't.

uglyblackjohn said...

@ Val - True. But the Senators and House Members were supposed to be OUR Lobbyists.

Reggie said...

We could have spent the money on love John, it would have been cheaper.