How
to Stop the Recession and Turn Our Economy
Into
the Largest Economic BOOM in the History of Mankind,
While
Stopping Cold the Home Loan Sub-Prime Mortgage Default Crises!
1.
Temporarily
suspend the withholding of income tax.
I guarantee American spending will
resume, and that our debts will begin to be paid off, if the American People
are allowed to (at least temporarily) keep the fruits of their labor, rather
than be forced to pay a tax early, one that is not actually due under the
letter of the law until April 15th of the next year. Why should the American People be denied the
use of their own money, for as long as 15 months, when no tax is actually due
to be paid under the letter of the law, particularly when the People REALLY NEED the use of their own money
because of their personal economic circumstances? Who can force a man to pay a tax or debt
before it is actually due under the letter of the law? No
one, supposedly, until we come to the unconstitutional seizures of property
ordered by the IRS. BUT,
It’s MY MONEY and I NEED IT NOW !
If the true purpose of the income tax is regulate the economy and to keep
inflation under control – THEN FOR GOD’S
SAKE SHOULD’NT THE GOVERNMENT USE THAT POWER on BOTH SIDES OF THE EQUATION? When inflation needs to be controlled –
withhold the income tax. But when recession rules, and threatens to
become a depression and to destroy our economy, and inflation is no longer
an immediate concern, couldn’t the government simply temporarily suspend the
withholding of income tax to provide a fresh supply of dollars to the American
people to stimulate the economy through spending, or at the very least allow
those persons who are really struggling, or who are under the gun, so to speak,
to change the level of withholding from their pay to a minimum amount so as to
allow that person enough money to stay afloat and keep their heads above water? The government could effect or allow these
changes – but they won’t – because this ain’t about you, IT’S ABOUT CONTROLLING YOU AND YOUR PROPERTY – which the bankers are taking more of every day. Do
you still feel represented?
2.
Privatize a portion of Social Security to
allow selective investment in the stock market.
This is the only thing, I repeat, the
only thing, in my opinion, that George Bush got right in the last 8 years. The
government should keep the half of the social security fund that the employers
paid in as their matching half of the tax, but the government should release to
the citizens some control over at least a portion of the half of the fund that
the citizens paid in, for selective investment in T-Bills and/or approved Bonds
and mutual funds (Grade B- or better, perhaps).
Again, I guarantee that as these moneys flow into stock
market related investment vehicles and funds, the stock market decline will
halt and reverse itself, driving us back into another stock market driven
economic BOOM.
3.
Temporarily suspend home mortgage loan
interest rate resets.
The bankers should be
temporarily suspended from further resetting any bank loans at higher interest
rates, and should be forced to roll-back rates on home loans going into default
because of a rate increase in the not too distant past, where it is not already
too late to help the homeowner. The
homeowners should be given 2 years to make some progress (or payoff) the
re-calculated (at the lower interest rate) debt on the last 3 – 6 months of the
default period, and after 18 months should be allowed to apply for federal
assistance in paying off that debt without losing the home. The federal assistance should of course be
based on the individual’s performance during the granted 18 month grace period.
IT’S A BIG SHIT SANDWHICH, AND
WE ALL GOT TO TAKE A BITE!
This
time, including the bankers and the government!
So, is it time to act, or do
you still just want to sit there and pretend the folks on Capital Hill and at
the Federal Reserve Bank are going to fix this mess? TELL SOMEONE!
TURN THAT
TURBO-CHARGED AMERICAN ECONOMIC ENGINE BACK ON!