FredMcKinnon.Com

my thought is I cant wait to get out of debt myself…

klamperts last blog post..Introducing the Ignite Band

Can’t reply right now. I’m heading over to the bank to get an equity credit line so I can pay off credit card debts and get that new sierra duallie and new hd tv and golf cart and 4 wheeler and home surround sound stereo system and . . . . .

Makes me sick, too.

Robert McKinnons last blog post..A Poem By a Friend of Mine: Kudos Reid Craft!

We’re trying to kick Murphy out of our house as I type this. Our envelopes are going strong, emergency fund is growing and EVERY dollar has a name and a purpose at our place.

I recommend Ramsey’s book and podcast as well. Glad you guys are having a great time!

I think most people in America don’t realize that this whole bailout deal is taking money from the taxpayers to rescue PRIVATELY owned companies. What ever happened to letting the chips fall where they may? Even if it means letting someone fail. What message does it send if our government always steps in to “fix” our economy every time it dips into a recession or possibly a depression? Let capitalism work, I say.

ate at that famous restaurant on my honeymoon. good stuff.

Someone sent me the following email, and I must say I think it’s a really great idea. Thought you all might enjoy reading it:

I’m against the $85,000,000,000.00 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

bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman

and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals
$425,000.00.

My plan is to give $425,000 to every person 18+ as a

We Deserve It Dividend.

Of course, it would NOT be tax-free.

So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000, 000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000 .00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it’ll 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 Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks

who lost their jobs at Lehman Brothers and every other company

that is cutting back. And of course, for those serving in our Armed
Forces.

If we’re going to re-distribute wealth let’s really do it…instead of
trickling out

a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed
by one of our candidates for President.

If we’re going to do an $85 billion bailout, let’s bail out every adult
U S Citizen 18+!

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.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion

We Deserve It Dividend more than the geniuses at AIG or in
Washington DC.

And remember, The Family plan only really costs $59.5 Billion because
$25.5 Billion is returned instantly in taxes to Uncle Sam.

Jamey,
So that’s the point of FPF – you can post anything you want … but geez, was that necessary! (congrats). I’m bummed.