The Bailout

I really do not understand why congress is in such a hurry to spend OUR tax money to bail out failing companies. I was sent an email joke that actually makes much more sense. Rather than repost that, I will condense it down to its highlights.

To make the math simple, 85,000,000,000 has been proposed for this bailout.

America has a population of 301 million. Keeping it simple still, lets assume 200 million of those people are adults 18 and up. If you divide the bailout money by that number it would be 425,000 for every person. If we were then taxed 30% everyone would pay 127, 500 right back to Uncle Sam. That would leave you with 297, 500 for a single person and 595,000 for married people.

What could a person do with that money?

Pay off the mortgage, housing "crisis" solved

Buy a new car, create jobs

Help pay aging parents medical bills, heath care improves

Invest in the market, capital drives growth

As for AIG, liquidate it.
Let the private sector bargain hunters cut it up and clean it up.
Let American General go back to just being American General.

This plan is better because it would do more and only cost 59.5 billion because 25.5 billion is instantly returned to Uncle Sam in taxes.

I think this is a great idea, it is just to bad that congress doesn't have the balls or imagination to think of it on their own...

*Edit*

A good friend decided to do what I should have done before posting this, actually do the math. It works out to 425 dollars a person, not 425,000. Now if the bailout was 85 trillion the math would be right. Thanks for pointing that out Dave.