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Post by Sandi Moses on Sept 30, 2008 7:56:31 GMT -5
From a recent e-mail making the rounds:The government is proposing to 'bail out' the banks for 'bad loans' to the tune of $700 billion. There are 305 million people in the US (military counted in census) www.census.gov/ ...If the government would split this evenly to all it citizens...with provision that all loans, mortgages are paid off...this will help the bankers, economy...My calculator doesn't go that high...so I know it is more than I could ever spend. But it would be somewhere in the neighbor of 2 billion for each US citizen. What do you think? Should we suggest this to our Congress?
;D Sandi
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Lori G.
Long Time Member
Love life and life will love you back.
Posts: 2,429
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Post by Lori G. on Sept 30, 2008 8:21:49 GMT -5
I would vote for that Sandi. Let's get that petition started!
Lori
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Post by Erich on Sept 30, 2008 10:39:33 GMT -5
My calculator doesn't go up to 700 billion either but this is a bad deal for the average tax payer and a great deal for big business. What do you think the Govt would say to a local small business owner if he asked for a "bailout" like these big businesses are asking for??? Small Business employs about 75% of our workforce... we don't need help these "fatcats" who get in trouble...
Erich
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chrisse
Senior Member
Life is about the choices we make
Posts: 196
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Post by chrisse on Oct 1, 2008 9:04:21 GMT -5
This is a global financial crisis and we are also feeling it here in Australia , although in the the extreme of banks going bust or needing bailout and people losing their homes or closure on loans and my heart goes out to your taxpayers that are affected. Maybe your Gov't could invest the $700billion back into those who are losing ther homes by buying out their mortgages and offer the homoeowners a low interest homeloan that way everyone wins, the gov't gets back their $700billion with interest and homeowners get to keep their homes, or maybe that too simple a solution for any Gov't to comprehend.
Just a thought. Cheers....chris
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