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Doesnt This Sound Like A Great Bailout Plan…?

July 11th, 2009 admin 5 comments

that would help Americans?
This sounds like a really great plan. To bad no one will take it seriously
I’m against the $85 BILLION bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a ‘We Deserve It’ dividend.
To make the math simple, let’s assume there are 200,000,000 bona fide
U.S. citizens, aged 18+.
Our population is about 301 million counting every man, woman , and
child.
So, 200,000,000 might be a fair stab at adults 18 and up.
Now, divide 200 million, 18+ adults into $85 billion – that equals
$425,000.00 each! ?
Yes, my plan is to give that $425,000 to every adult as a ‘We Deserve It’ dividend.
Of course, it would NOT be tax free. So, let’s assume a tax rate of
30%. Everyone would pay $127,500.00 in taxes.
That sends $25.5 billion right back to Uncle Sam! It also means that
every adult 18+ has $297,500.00 in their pocket.
A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?
* Pay off your mortgage – housing crisis solved
* Repay college loans – what a great boost to new grads
* Put away money for college – it’ll really be there
*Save in a bank – create money to loan to entrepreneurs
* Buy a new car – create jobs
* Invest in the market – capital drives growth
* Pay for your parent’s medical insurance – health care improves
* Enable Deadbeat ?Parents ?to come clean – or else
Remember this is for every adult U.S. citizen, 18 and older (including
the folks who lost their jobs at Lehmann Brothers and every other
company that is cutting back) and of course, for those serving in our
Armed Forces.
If we’re going to do an $85 billion bailout, let’s bail out every
adult U.S. citizen!!
As for AIG – liquidate it.
*Sell off its parts.
* Let American General go back to being American General.
* Sell off the real estate.
* Let the private sector bargain hunters cut it up and clean it up.
We deserve the money and AIG doesn’t. Sure it’s a crazy idea, but can
you imagine the coast-to-coast block party!
How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t
d-i-v-i-d-e-n-d!
I trust my fellow adult Americans to know how to use the
$85 Billion ‘We Deserve It’ dividend more than I do the geniuses at AIG or in Washington, D.C..
And remember, The plan only really costs $59.5 billion because $25.5
billion is returned instantly in taxes to Uncle Sam.

Categories: FAQ Tags: , , , , , ,

A How To Get Out Of Debt Faster Using Zero APR Credit Cards

June 22nd, 2009 admin No comments

I know it sounds crazy but it’s possible to get out of debt by using 0 APR credit cards. The zero APR credit card is a special no interest rate offer that comes from different financial institutions looking for new business. These cards usually offer an extremely low or no interest rate charge during an introductory period. During this introductory time, you aren’t charged any interest on the balance owed.

The zero rate cards also allow for transferring your old balance from a high interest rate card to your new lower rate card. This means that you can take your $5,000 dollar credit card balance on your old card that was charging 18 to 24% interest and move it over to the new card at the introductory rate.

Moving a high balance credit card to one of these zero APR intro rate cards can save as much as $100 a month. Now consider that if you take that hundred dollars a month and pay down the total amount owed, even if the temporary rate was six months, you saved $600 dollars.

The good thing is that all you had to do pay down that extra $600, was the continued to make the exact same monthly payment but on the new credit card. The extra money instead of going to interest simply went to pay down the total principal owed.

Another wise financial decision you can make is that once you transfer your credit card balance to the zero APR credit card, close your original high interest rate card account. Having too many credit cards or credit lines available can actually lower your total overall credit score. Closing the high interest account makes Read more…



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