Have any of you heard about the math behind what would happen if the government applied the bailout to every American over the age of 18? It's an incredible way of thinking. Basically when it was all said and done and all taxes were paid...each American over the age of 18 would receive close to $250k!!! How come that wasn't presented to the American population?!
Wouldn't handing someone $250k take some off the pressure of getting bills paid? Would all the people facing the idea of losing their home be able to catch up on payments to their lenders? Most might even be able to stimulate the economy with purchases they wouldn't have normally made.
I can't see how this would have been a bad option. Automakers, builders, and the economy in general would felt the benefits of this option. People would have started paying their own bills vs. watching corporate seek the benefits alone.
What about all these people who are walking away from debt because they see no other way out? Their credit scores are shot! And on the flip side...all the lenders who had no business lending the money in the first place are sitting pretty. I think this is a little messed up if you ask me.
I want my bailout! I would be sitting debt free WITH MOST of it reinvested into the real estate or investment stock markets.
We should be helping people not businesses!
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