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  • ILW Stimulus Package - Contest

    Lets see if people can be innovative and provide their own version of stimulus package. A good discussion but be careful Obama or his aides might steal your idea, no credit given.
    If Democrats Had Any Brains, They'd Be Republicans

    Democrats - Brave enough to KILL our unborn, just NOT our ENEMIES!

  • #2
    Lets see if people can be innovative and provide their own version of stimulus package. A good discussion but be careful Obama or his aides might steal your idea, no credit given.
    If Democrats Had Any Brains, They'd Be Republicans

    Democrats - Brave enough to KILL our unborn, just NOT our ENEMIES!

    Comment


    • #3
      I'm not a financial expert by any means, but the foreclosures and job losses need to be addressed first and foremost. We need a plan that will help people keep their homes and put them back to work. Sounds too basic, I know, but if that can be addressed and the economy stabilized based on that, we can build from there.

      Comment


      • #4
        Better uses for a trillion dollars than ANYTHING Congress can spend it on;

        THROW IT DOWN A TOILET !!!

        Comment


        • #5
          I shall point out the flaws in this in caps and shows you that regardles of what government does, it will make the problem worse -

          Originally posted by davdah: RESPONSES BY SONOFMICHAEL

          Stop all foreclosures for a period of 6 months to a year. This would slow the downward trend in property values.

          THIS WOULD REWARD DEADBEATS AND PUNISH PEOPLE WHO PAY THEIR BILLS; WRONG MESSAGE TO SEND; THIS WOULD CAUSE PROPERTY VALUES TO PLUMMET AS EVERYONE WOULD STOP PAYING.


          Convert all ARM mortgages to fixed rate. ARM mortgages would there after be banned.

          THIS WOULD AGAIN REWARD IRRESPONSIBLE BEHAVIOR; LET BANKS NEGOTIATE WITH HOMEOWNERS AND KEEP GOVERNMENT OUT OF THIS BUSINESS; GOVERNMENT INVOLVEMENT STARTED IT

          During the moratorium create a program to avoid foreclosures. The program would allow for a temporary reprieve on payments. The loan amounts would not be lowered. Interest and principle payments to the fed on money loaned for those mortgages while in suspension would also be temporarily halted.

          AGAIN; THIS WOULD BREED IRRESPONSIBILITY; MANY MORE PEOPLE WOULD JOIN THE CLUB: WHY SHOULD I PAY MY MORTGAGE IF OTHERS DON'T.


          To motivate the banks. A requirement would be the home can not be sold for less than the loan balance if it ends up in foreclosure.

          THIS WOULD GIVE AN INCENTIVE FOR PEOPLE NOT TO PAY THE MORTGAGE; FORECLOSURES WOULD SKYROCKET

          For the consumer guidelines would be set up to determine if the request for payment suspension be justified or not. Principle being if the relief given would result in the paying of the loan at a future date. If not the house would be foreclosed.

          THIS WOULD CREATE MORE INCENTIVE TO FORECLOSE; MORE FORECLOSURES

          Raise the prime rate. This would get inflation moving a little. Inducing a little inflation and slowing the property devaluation would allow the two to come together with less of an shock to the economy.

          ARE YOU NUTS ??? THIS WOULD BE THE WORST POSSIBLE THING TO DO. RAISING INTEREST RATES WOULD MAKE IT HARDER TO BUY A HOME, HARDER TO REFINANCE A HOME, HARDER TO BUY ANYTHING. YOU MUST BE A GOVERNMENT ECONOMIST !


          Remove the 12+ million illegals. With even more than that in newly unemployed it won't be long before you hear 'May I take your order' in clear and concise English. Maybe they will even get the order right.

          REMOVING 12 MILLION WORKERS, HOMEBUYERS, CONSUMERS WOULD DESTROY THE ECONOMY. BETTER TO ALLOW THEM TO ADJUST STATUS AFTER PAYING A $5000 FINE AND CREATING AN IMMIGRATION SYSTEM THAT ALLOWS PEOPLE THAT ARE WILLING TO WORK TO COME HERE AND DEPORTING ALL CRIMINALS AND PEOPLE WHO REFUSE OR CAN NOT WORK.

          Just as they recently banned short selling of financial stocks so should CDS contracts be banned all together.

          FREEDOM TO ENTER INTO CONTRACTS SHOULD NOT BE INTERERED WITH; FREEDOM MUST RULE; THE BIGGEST PONZI SCHEME IS SOCIAL SECURITY SO START BY ENDING THAT.

          All stimulus money will be spent within our border. Not one dime should be allowed to pay any debt to any foreign entity.

          STIMULUS MONEY INCREASES NATIONAL DEBT, LONG TERM INTEREST RATES, ETC... PROTECTIONISM IS ONE THE MAIN CAUSES OF THE GREAT DEPRESSION. STUPIDEST IDEA COMING FROM OBAMA SINCE PAYING FOR FOREIGN ABORTIONS.

          Osha and the EPA will have rule relaxations and fast track approval processes for any business that is manufacturing based. Along with substantial tax incentives given. Any infrastructure project would be exempt from EPA or OSHA interference. All environmentally based law suits against building projects would be banned.

          BLOWING UP OSHA AND EPA AND KILLING ALL THEIR EMPLOYEES WOULD BE BETTER; OR AT LEAST FIRE THEIR WORTHLESS YOU KNOW WHATS.

          Comment


          • #6
            My stimulus plan entry;

            Get rid of Obama and replace him with Ron Paul. Eliminate Congress and the Senate.

            1. Create a 10 % flat tax across the board and eliminate the existing tax code and loopholes
            2. Eliminate the corporation tax completely
            3. Adjust illegal alien status after they pay $5000 fine
            4. Get mortgage rates down to 3%
            5. Reduce military by 25%-50%; withdraw bases from most countries; cut nuclear weapons 50% or use them on Iran; cut Naval fleet by 50%
            6. Join Russia, Israel, others in destroying Iran and dividing up its territory between US and Russia
            7. Eliminate Government Ponzi Schemes: Social Security, Welfare, Medicare, Medicaid, etc...
            8. Ban all Muslims from USA
            9. Invade Canada, take their oil
            10. Outlaw any teaching of the disproven "global warming" lie
            11. Anyone unable or unwilling to work will be shot or deported; exception for full time students under 21 only
            12. All women will be required to weigh less than 110 pounds; exception pregnant women can be up to 115.

            That is all that is needed.

            Once again, problem solved

            Comment


            • #7
              I love this can-do attitude

              Problemo Solved

              Comment


              • #8
                We keep hearing about tax relief...well, why not bring back deductions for interest paid on credit cards and car loans????? At the stroke of a pen, we could have those deductions, and those would help most of the USA. When Congress decided to end those deductions, people started taking out home equity loans to pay for cars, not just college, and soon, that's what encouraged so many people to play around in real estate, and not pay attention to their spending habits. Bring back those deductions...that would help the middle class.
                Second, end any advantages that so-called American companies might have by sending boxes of raw material overseas to be put together (or manufactured from scratch) by Chinese prisoners (WalMart clothing) or children (most everything else)...if there is an American brand name on the product, it needs to be made in AMERICA, not effing China. Any object with an American brand name that was made overseas should be tariffed up the wazoo. Restore American manufacturing jobs in all industries.
                End outsourcing.
                End H1Bs until the unemployment rate returns to around 4%. End ALL employment-based immigrant visas in the skilled worker category until the unemployment rate goes back to around 4%. We don't need to add to our problems by importing cheap labor.
                Those are my ideas (oh yes, while we're at it, deport all illegal aliens, since they are still draining our resources, crowding our schools and stealing healthcare from Americans.

                Comment


                • #9
                  I Agree With most of the posts above!

                  Adding: At age 55 all exempt from personal property and real estate taxes, so people Could actually own what they worked hard for their entire lives!!! Without fear of their fixed Income falling far below the ability to pay It.
                  USC and Legal, Honest Immigrant Alike Must Fight Against Those That Deceive and Disrupt A Place Of Desirability! All Are Victims of Fraud, Both USC and Honest Immigrant Alike! The bad can and does make it more difficult for the good! Be careful who y

                  Comment


                  • #10
                    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">We keep hearing about tax relief...well, why not bring back deductions for interest paid on credit cards and car loans????? At the stroke of a pen, we could have those deductions, and those would help most of the USA. </div></BLOCKQUOTE>

                    I like this idea! I never quite understood why they eliminated these deductions in the first place.

                    Comment


                    • #11
                      <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by ProudUSC: <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">We keep hearing about tax relief...well, why not bring back deductions for interest paid on credit cards and car loans????? At the stroke of a pen, we could have those deductions, and those would help most of the USA. </div></BLOCKQUOTE>I like this idea! I never quite understood why they eliminated these deductions in the first place. </div></BLOCKQUOTE>

                      Yes ; BRILLIANT IDEA !! Let's REWARD irresponsible behavior !!! Borrow money REWARD, Save money PUNISHMENT !!! At the stroke of the pen, all the people who can't manage their bills will be given money at the expense of those people that are fiscally responsible !! Great idea !!!

                      Comment


                      • #12
                        The story of Sam and Charlie

                        Sam is lazy. Sam doesn't work. Sam has massive credit card bills ; $100,000 a year at 10% and has $10,000 in interest that he writes off and his tax bill is $2500 less than what it would be.

                        Charlie works hard. He has no debts. He saves money which is used to invest and creates jobs. He has no credit card debt deduction so he has to pay his full amount of taxes; which means he has to pay for the shortfall caused by Sam and pays $2500 more than what he would have.

                        One day Sam decides that he has had enough and declares bankruptcy. His bank writes off the loan and the government increases Charlies taxes to cover for the $100,000 loss. Charlie has to withdraw all the money he spent his life saving tp pay the taxes.

                        Do you really think this is still a great idea?

                        Comment


                        • #13
                          <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by SonofMichael:
                          The story of Sam and Charlie

                          Sam is lazy. Sam doesn't work. Sam has massive credit card bills ; $100,000 a year at 10% and has $10,000 in interest that he writes off and his tax bill is $2500 less than what it would be.

                          Charlie works hard. He has no debts. He saves money which is used to invest and creates jobs. He has no credit card debt deduction so he has to pay his full amount of taxes; which means he has to pay for the shortfall caused by Sam and pays $2500 more than what he would have.

                          One day Sam decides that he has had enough and declares bankruptcy. His bank writes off the loan and the government increases Charlies taxes to cover for the $100,000 loss. Charlie has to withdraw all the money he spent his life saving tp pay the taxes.

                          Do you really think this is still a great idea? </div></BLOCKQUOTE>

                          Lazy, unemployed Sam should never have received credit card offers in the first place.

                          Comment


                          • #14
                            Sam is a minority and received credit cards under the community reinvestment act requiring banks to give minorities credit cards regardless of bad credit. Charlie's IRA was seized by the Obama Bank Nationalization program to pay off all the bankruptcy by Sam.

                            Comment


                            • #15
                              And Charlies is an idiot. Had he not paid his taxes, he could have become treasury secretary. So what have we learned people? Do NOT trust Government; Government is NOT here to help you and you have to s c r e w them before they s c r e w you. Never vote for a liberal; party names do not matter; there are liberal Republicans (Bush) and liberal Democrats (Obama) and BOTH stink.

                              If you wanted change, you should have voted Libertarian !!!

                              Comment



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