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I am not sure if this is already floating on internet, but i got an email, so here it is:

Subject: The Birk Economic Recovery Plan

Hi Pals,

I’m against the $85,000,000.00 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 billion 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 I do the geniuses at AIG or in Washington DC .

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

Ahhh…I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it’s either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

 

I would classify myself as libertarian: if it doesn’t affect me, then I don’t spend my energy thinking about it. When it comes to economics, I would say i’m way more so.

The thing that bothers me about the AIG bailout is this: would i rather live through the next great depression or live in pain for the next 10 years? I do not know. Of course, nothing is certain. My argument presumes that the AIG is the backbone of the US, and hence, world economy. Is it? Maybe, maybe not. But those damn wall street people think it is.

It’s an interesting dilemma, even from the point of view of the voters. Would i rather have a quick death or a slow, painful torturing with a very faint hope of survival? It’s an interesting dilemma. I guess this is why people who are in veggie state (i.e. coma) and their families have such hard time deciding whether or not to pull the plug.

If I were Bernanke, I would probably lean towards bailout even though I’m a libertarian. Why? Cuz, the problem is beyond any human control now. Sure you may have the strongest boat with a shitload of crew rowing your boat, but the boat is heading towards the cliff of Niagara falls. What shall I do? Row harder or just give up? The latter seems to me, more “humane”, because at least the crew will have time to accept God or whatever they believe in… make amends with their ex-wives or what not. The first, however, does seem more heroic b/c you gave your best. Can you imagine (if he were real…) Rocky Balboa giving up at the 11th round in the fight against the Russian? Man, that would suck. There would be no movie about Rocky if he did that.

That’s how I view Bernanke/FOMC/US trying to throw the last punch against this economic meltdown crisis. It’s a bad thing, sure. It’s not a bad thing, sure. But at least, they’re trying.

I don’t know if I’ll ever become a politician b/c

1. I’m too blunt – I would tell people to f*ck off if they piss me off, especially when I’m running for office
2. My standards are too high – I would expect all my underlings to get up @ 5:00 AM and do a 5 mile run every morning while chanting brain washing slogans about life, health, happines, etc. Gov’t employees tend to be exact opposite of what I’m striving to be.
3. I’m too positive – I think being pessimistic is a requirement to have a job with Uncle Sam
4. I hate inefficienty – I can’t even stand fax. Email people… EMAIL.

But if I were a politician, this would be a very very interesting problem to encounter.

Good thing I have 3 dogs. They present more problems than the national debt crisis anyway.

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