critique these ideas...
JC29856
Posts: 9,617
a few things that would get the economy back literally overnight...
start with the homeowners, principle and interest reductions on principal home, no 2nd or 3rd homes. since a small majority actually own there homes and as a punitive measure against the banks who lied, forged, cheated and stole homes with impunity.
every homeowner with an original loan balance, or original borrowing amount of $500,000 or less get an automatic 25% reduction off their current principle balance and a recalculated amortization based on 3% interest. remember the banks borrow from the fed at about .05% interest and the fed basically backs all the junk mortgages anyway. the homeowner would pay a 5% fed tax on the relief of debt over the remaining life of the loan. the banks get to writeoff the 25% bad debt. do they really need the writeoff? do they pay taxes? this can be initiated thru fannie and freddy, and would necessitate the hiring of administrators throughout the country to help with the paperwork and filings etc. those opting in would pay severe penalties for unpaid taxes and they wouldnt be allowed to refinance or borrow against any equity until the reduced loan is paid off. (mine) imagine that!
implement a .05% federal tax on all derivative and speculative stock transactions. (not mine) $300 billion in revenue for the next 2 ideas.
rebuild Americas infrastructure, roads, bridges, sewer water systems, start with those effected by natural disasters. (not mine) money from above and from local munis
invest in truly renewable clean energy, not nuclear energy, not clean coal, things like wind farms, solar, and aqua. (not mine) money from above and redirected from the r/d in nuclear, fossil and coal fuels.
extend the bush tax cuts for 1 year with minor revisions (there is no fiscal cliff but to appease the greedy and throw them a bone)
cut the defense budget by 20% in the first year and 10% the second year and put ceilings on what can be spent on defense as a % of gdp or overall spending
make all educational loans interest rate fixed a 1%
raise the minimum wage $1 each year for the next 3 years, wages have been stagnant for the past 50 years adjusted for inflation.
phase in real MPG standards so that in four years all cars get at least 60 mpg, suvs 40.
okay bedtime...blast away
start with the homeowners, principle and interest reductions on principal home, no 2nd or 3rd homes. since a small majority actually own there homes and as a punitive measure against the banks who lied, forged, cheated and stole homes with impunity.
every homeowner with an original loan balance, or original borrowing amount of $500,000 or less get an automatic 25% reduction off their current principle balance and a recalculated amortization based on 3% interest. remember the banks borrow from the fed at about .05% interest and the fed basically backs all the junk mortgages anyway. the homeowner would pay a 5% fed tax on the relief of debt over the remaining life of the loan. the banks get to writeoff the 25% bad debt. do they really need the writeoff? do they pay taxes? this can be initiated thru fannie and freddy, and would necessitate the hiring of administrators throughout the country to help with the paperwork and filings etc. those opting in would pay severe penalties for unpaid taxes and they wouldnt be allowed to refinance or borrow against any equity until the reduced loan is paid off. (mine) imagine that!
implement a .05% federal tax on all derivative and speculative stock transactions. (not mine) $300 billion in revenue for the next 2 ideas.
rebuild Americas infrastructure, roads, bridges, sewer water systems, start with those effected by natural disasters. (not mine) money from above and from local munis
invest in truly renewable clean energy, not nuclear energy, not clean coal, things like wind farms, solar, and aqua. (not mine) money from above and redirected from the r/d in nuclear, fossil and coal fuels.
extend the bush tax cuts for 1 year with minor revisions (there is no fiscal cliff but to appease the greedy and throw them a bone)
cut the defense budget by 20% in the first year and 10% the second year and put ceilings on what can be spent on defense as a % of gdp or overall spending
make all educational loans interest rate fixed a 1%
raise the minimum wage $1 each year for the next 3 years, wages have been stagnant for the past 50 years adjusted for inflation.
phase in real MPG standards so that in four years all cars get at least 60 mpg, suvs 40.
okay bedtime...blast away
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