1,000,000 Squared

Banks And Consumers Say No to More Debt

While I agree with the conclusions in this article, part of the way to spend more is to have more people spending (not just the same people spending less right? paying down their debt that while good for liquidity is not good for spending).

I would argue that instead of printing more money for the current population, there is money already "out there" (X-files pun intended) in terms of trillion of US dollars in Asia and the Middle East. So as a modest proposal, Offer a special route to US Citizenship (via visa's that vest after 10 years for American Citizenship). Imagine if a million individuals, enterpreneurs wanting to contribute to the American Experience are allowed to "buy in" to the US by providing a check for a $1,000,000? Such a quick hit generates a trillion dollar shot (not an increase in taxes, nor rolling printing presses) that would dwarf the trillions in debt (Fed or Federal programs) and would provide real cash and real people to go filling up the empty homes and condo's across the country. It would sweep substantially away many of the empty or under forclosure home too and generate further spending by those families along with increases in liquidity at home for financial institutions and local-state governments.

The fact of the matter is America is the "ultimate gated global community" in terms of people trying to get in. These individuals are talented, skilled, innovators and risk takes. These affluent "global citizens" would be repatriating US dollars that are being funneled out of the country either through oil transfers to the middle east or through the Wal-mart effect on industry offshoing jobs or through major corporations avoiding taxing. Trillions are sitting in the sidelines in Asia (China & India) or the Middle East and even in Russia (the recent oil boom and gas shipments to EU).

Fill the empty homes, refund the banks and financial institutions, and get the economy back on track through high income, high talented, risk taking, willing supporters of American values who want to the US. Give the 1,000,000 Squared plan a chance to work.

The Escalator of Life Is Going Down (Part 2)

While I agree with most of the conclusions in the article, part of the issue is not just printing away the problem but the lack of money (read Federal funding without taxes) or enough buyers (with money to fill the homes and pay taxes due to declining consumer spending). There is money "out there" (read our WalMart Dollars in China or Oil Dollars in the Middle East) so as a modest proposal, Offer a special route to US Citizenship (via visa's that vest after 10 years for American Citizenship). Imagine if a million individuals already in line to contribute to the American Experience are allowed to "buy in" to the US? With a 1,000,000 providing a check for a $1,000,000 each generating a trillion injection (not increase taxes, not rolling printing presses since it is our money overseas) of would provide not just an immediate injection that would dwarf the trillions in debt and the Fed's recent 300Billion programt, but would provide real cash and real people to go filling up the empty homes and condo's across the country. It would sweep substantially away many of the empty or under forclosure home too and generate further spending by those families.

The fact of the matter is America is the "ultimate gated global community" in terms of people trying to get in. These individuals are talented, skilled, innovators and risk takes. These affluent "global citizens" would be repatriating dollars that are being funneled out of the country either through oil transfers to the middle east or through the Wal-mart effect on industry offshoing jobs. Trillions are sitting in the sidelines in Asia (China & India) or the Middle East and even in Russia (the recent oil boom and gas shipments to EU).

The problem is finding the dollars to fund the spending, and it can be more debt (Federal) or more printing (Fed Reserve) or "citizenship vouchers" as part of immigration. Fill the empty homes, refund the banks and financial institutions, and get the economy back on track through high income, high talented, risk taking, willing supporters of American values who want to the US. Give the 1,000,000 Squared plan a chance to work.