THE JAIMSTER

How to Save the U.S. Economy: Kill 1971's 'Floating Dollar' Experiment

ANOTHER IDEA HOW TO SAVE THE ECONOMY. (brief format)

1. United States population 300,000,000.
2. Population over 18 years old 220,000,000
3. national Debt US$ 10,000,000,000,000
4. share of debt per person US$ 33,000

THE PROBLEM .
1. No health coverage for Americans
2. unemployment
3. bad economy
4. energy dependence
5. housing crash
6. credit crunch
7. Retirement funds decreasing
8. unable to stop overspending.
9. ETC, ETC , ETC.

CURRENT PROPOSED SOLUTIONS

1. Stimulus package
2. save Wall Street , save the Auto makers , Insurance companies , Mortgages ,extend unemployment benefits . tax cuts for the middle class .

PROJECTED OUTCOME.

Just a patch , the economy will still tumble down increasing national debt and unemployment.

THE SOLUTION.
Only the consumers can save the economy .

THE PLAN.
1. Give each American over 18 years of age , regardless of credit history or financial status rich or poor , a government issued credit card for $1000.00 or less , to start a credit system with the government at 10% interest per year . This credit card is tied to each Americans social security , and is the point of contact between the government and the people . according to payment history and payment ability their credit will grow . This credit card can not be bankrupt or not paid . it will be discounted from social security if necessary . The idea is that everyone will want to have a perfect credit , why?.
1. access to more money even to buy a house when their credit is built in a few years .
2. The interest charged will be used to pay for :
1. universal health care
2. national debt.
3. Creation of wealth for our country .

This is money that has to be spend for America . It will grow enough to pay for insurance for all , our national debt will decrease .
Let each company fix their problems . A credit system like this will help the country for decades to come. The money will always come back to the source tenfold .
That’s 22 billion per year on the initial credit given to people . On time the national credit will be in the trillions of dollars. The interest generated pay for the national debt in a short time .
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Thank you for reading
jfp