ALSTRY'S SOLUTION TO THE CRISIS!!!! IN 9.09
* the banks. Government pay every American $1,000,000 and tax it as ordinary income.
With the tax proceeds, pay off the national debt and all municipal debt....any surplus would be put into a general fund to support future growth and technological developments.
If anyone has any debt, they must first apply the proceeds to paying down debt and that would eliminate most toxic debt in America. If there are any proceeds after paying down all debt......1/3 of that money must be spent in the next year to stimulate the economy in any manner the taxpayer wishes.....the remaining 2/3 must be desposited into a bank for a minimum of two years fortifying the capital base of our banking system.
In doing so, we would pay off the national debt, pay off all muncipal debt, solve the toxic debt problem, stimulate the economy, and add to the savings base of our nation.......
Why only bail out the * bankers when you can bail out the citizens, government, and businesses as well.....at a fraction of the cost.