I received the following email from my father in law. Not to be taken literally (number wise) but we sure do over complicate stuff.
40 million dollars at $1 million a piece is $40 trillion dollars. I know you said not to take the numbers literally but you'd have to scale back from $1,000,000 to $100k to be even close to feasible and would still be at 4-5 times the current package. Otherwise, I like the plan though.
We really don't need that many jobs to open up though. So if you change that to people over 60, then it could work. Is a million bucks enough to retire these days anyway?
See, now we are fixing problems! Obviously I didn't check his math but this solution is so simple that it really does have potential! ...Sure there would be a lot of used cars coming on the market, etc, etc. The problem comes in when a simple solution to any problem is then loaded up w/ pork and other crap that has nothing to do w/ the original legislation. Within a couple days of it circulating around the hill, it would be 600 pages of crap. Nice catch on the math.
There's a much easier solution. Do nothing (governmentally). Bear the pain. Take care of yourself and your family no matter what it takes. The economy WILL fix itself. Or....you can count on the gubmint. Your call.
How many times have I said that very thing? The economy runs in cycles. There are peaks and there are valleys. Nothing we ever do will change that. So don't panic and for God's sake don't let government try to "fix" it. That will just make it worse. Just calm down and the country will find the economy climb out of the valley. The big difference with the current situation is that it was started by government when Washington (i.e. Barney Frank and company) decided to persuade Fannie Mae and Freddie Mack to make home loans to individuals with no credit and no collateral. But even then, the best thing the government could have down was allow the banking and investment firms to go belly-up (with the exception of AIG which was tied to European banks). By-and-large, the bailouts were a mistake.
I am 27, married with 1 and 4/9 of a kid. I could live the rest of my life off of a million bucks. Not even close to a problem.
I'm 28 married with 1 and hopefully no fraction of a kid. I could do it on my own but not with my wife and kid and future kids. Maybe two million if we both got a mill....maybe
