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The $10K Solution

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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 08:15 AM
Original message
The $10K Solution

Too simple and effective - and it includes everyone. The Oligarchy will never go for it.



The $10K Solution
http://www.dailykos.com/comments/2008/9/24/21331/0835/56#c56

"Give $10K to every taxpayer : That's $920 billion, roughly. 92 million people actually paid in to the US Treasury last time around. Stipulate it must be used to pay down debt of any kind first; those who are debt free can use it h
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snappyturtle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:05 AM
Response to Original message
1. I haven't read the article yet...I will...but I've heard similar solutions
over the last couple of days. It makes as much sense, actually more, than handing it over to the wolves. I would venture that the 92 million people would spend more responsibly than the banks, Wall Street and whoever else is on the receiving end of the proposed, ever changing bailout.
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:08 AM
Response to Original message
2. No. $10 k to everybody is not targeted directly to the problem
and doesn't fix anything systemically wrong nor provide oversight. It would be nice though as an economic stimulus.
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Kip Humphrey Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:58 AM
Response to Original message
3. Coupled with the unwinding of capitalized debt markets, credit card reforms, reregulation of banking
This would work.
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