A New Plan to Solve Our Economic Crisis

[AMoore]

This gets my vote!
 
The Fix

There recently was an article in the  St. Petersburg Fl. Times. The Business Section asked readers for ideas on:  "How Would You Fix the Economy?"
I think this guy nailed it!
  _____

Dear Mr. President,

Please find below my suggestion for fixing America 's economy.  Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the "Patriotic Retirement Plan":


There are about 40 million people over 50 in the work force.  Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire.  Forty million job openings - Unemployment fixed.

2) They MUST buy a new American CAR.  Forty million cars ordered – Auto Industry fixed..

3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.

It can't get any easier than that!!

P.S. If more money is needed, have all members in Congress pay their taxes....

Mr. President, while you're at it, make Congress retire on Social Security and Medicare. I'll bet both programs would be fixed pronto!

      If you think this would work, please forward to everyone you know.

      If not, please disregard.

[cjbcpa]

The unalterable laws of mathematics makes this impossible;

40 million x $1.0 million is $40 trillion dollars.

Must have been a Democrat that thought that one up, they've never been good with figures.

CB

[AMoore]

I'll admit that the original writer got his math wrong in this tongue in cheek letter, but wasn't it a democrat who balanced the budget not too long ago.  Additionally, during his administration, welfare was reformed.

A real solution:

If we had congressional term limits: 

congress might vote to increase the retirement age to a number commensurate with health and life expectancy.

congress might be less concerned with pork for their constituents and do what is best for the U.S. (Senator Shelby from Alabama is an idiot)

congress would be more likely to be bipartisan since they would not fear backlash from their respective parties.

[emayer]

It would be prudent in the interest of fairness to note that Welfare reform and the balance budget occured while congress was held by a Republican majority under the leadership of Gingrich.  Some say these prodded Clinton to govern from a more centrist position especially after having been clobbered in the mid-terms.  I'm not convinced Obama will be as wise.

I agree fully with term limits along with line item veto power and mandated balanced budgets.....