The Birk Recovery Plan

I received this in an e-mail from my sister. Look what ordinary citizen can come up with if we just get the politicians out of the way?

The Birk Economic Recovery PlanHi Pals,

I’m against the $85,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to America in a ‘We Deserve It Dividend’.

Now the math has not been done for using the same plan to apply to the $700,000,000 but we could really get the economy moving if the government would just divide this among the taxpayers.

To make the math simple, let’s assume there are 200,000,000 bon-a-fide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+  into $85 billon that equals$425,000.00.

My plan is to give $425,000 to every person 18+ as a ‘We Deserve It Dividend’.

Of course, it would NOT be tax free.  So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.  That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.  A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it’ll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent’s medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+  including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!

As for AIG – liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here’s my rationale. We deserve it and AIG doesn’t.

Sure it’s a crazy idea that can “never work.”

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion ‘We Deserve It Dividend’ more than I do the geniuses at AIG or in Washington DC.

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it’s either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

Well, he’s only off by 3 zeros. It actually comes out to $425.00 per person. Not exactly the ‘stimulus’ that would lift up our economy.

I think that Mr. T. J. Birkenmeir Citizen of the Republic should not give up his day job. Or he might consider actually attending those math classes.

Congressman Peter DeFazio – We Must Have More Envy and Resentment

My Congressman has a problem with the “bailout.” He is afraid that some executive is going to make money. You might lose your retirement. You might lose your job or your business. But to him it’s more important that the executive take a hit.

Read the letter that he sent to his Democrat colleagues.

Congressman Peter DeFazio – The Executive Compensation Limits have Major Loopholes: They are no Band-Aid for a Bailout

Dear Democratic Colleague:

If you are considering voting for the bailout because the bill requires the CEOs of Wall Street to take a pay cut, you will be sorely disappointed. I found seven loopholes that will protect their outrageous paychecks and golden parachutes. Imagine how many more loopholes the Wall Street lawyers will find to protect their CEOs pay check. Oppose the bailout.

    1- Executive Compensation Loophole #1: Limits on incentives and bonuses can only be set on corporations that we directly purchased assets from and receive an equity stake from. (Sec. 111 (b)1) [Page 29-30]
    2- Executive Compensation Loophole #2: Limits on golden parachutes are avoided if a corporation only sells the government under $300 million worth of bad assets through an auction. (Sec 111(c) [Page 31-32]
    3- Executive Compensation Loophole #3: Limits on golden parachutes on current employees are avoided if a corporation only sells the government its bad assets through an auction. (Sec 111(c) [Page 32]
    4- Executive Compensation Loophole #4: Limits on golden parachutes are not applied to any corporation that upon dumping is bad assets on the taxpayer returns to profitability. (Sec 111(c)) [Page 32]
    5- Executive Compensation Loophole #5: No limits on corporate deductions for executive salaries under $500,000. (Sec 302(d)1) [Page 99]
    6- Executive Compensation Loophole #6: New limits on corporate deductions for executive salaries are waived if assets acquired from corporation are under $300 million. (Sec 302(a) [Page 100]
    7- Executive Compensation Loophole #7: New limits on corporate deductions for executive salaries are waived if assets acquired from corporation are purchased directly. (Sec 302(a) [Page 100]

Sincerely,

Peter DeFazio

Member of Congress

Peter’s main complaint seems to be that the agreement won’t allow the government to dictate executive compensation unless the government actually takes control of the company or buys a considerable amount of stock.

OK, these executives are not delicate lilies that need protection from little bald guys in Congress. But it would set the precedent that the government can dictate pay and compensation to private companies

It’s the good old Democrat politics of envy and resentment. He wants you to be upset because these guys are making good money when their investors took it in the shorts. Yeah, that’s a little galling. But we’re supposed to allow a devastating crash because some little politician is miffed at some people because they are making money without kissing his ass?

I don’t think that Peter is a Marxist, per see, but he does a damn good imitation.

Sorry Peter, there’s no success without failure, no rich without poor, no sick without healthy and no luck without misfortune.

Yeah, some fat cats are going to skate and some people who deserve better are going to get screwed. There’s nothing you can ever do about that. Peter just wants to recast the roles. Make the rich poor and the poor rich; he wants to pick winners and losers on his criteria and probably make short bald funny looking men into chick magnets.

Sorry Peter. Ain’t gonna work. It never has and it never can.

Envy and resentment are the two most destructive emotions that humans are capable of. Nothing positive come from them. If you have the time and the guts, drop in on an AA or NA or any type of recovery group. Notice what is the root of their affliction. Envy and resentment, every time.

It’s not good for people, not good for a country and not good for a society.

Is Joe Biden Really Campaigning For McCain?

Political Punch

Standing near Sen. Claire McCaskill, D-Mo., Biden also said that if “one more national commentator talks about what a great debater I am, all Claire is gonna have to do is make sure that Sarah Palin, when she’s walking on the stage, doesn’t trip, and she’ll win.

“One of the debates I’ve had and finally won within the campaign, Claire, is — we talk about how John McCain’s ‘changed,'” Biden said. “He hasn’t changed a bit. John McCain has not changed one single solitary bit from the day I met him 34 years ago.

“He has never, never, never, never, never, never, never shared the values set that you share,” Biden said. “He’s an honorable, decent man, but John McCain truly believes, truly believes that you are corporate America’s problem,” he said to the trial lawyers. “And thank God you are.”

Biden said that he’s “done more than any other senator combined” for trial lawyers.

It sure looks like it.

Why else would he be pointing out McCain’s disdain and his own affinity for Trial Lawyers? I think that trial lawyers score below Congress or the news media in public trust.

Hmmm, What Would This Mean?

More Oregon arrests end in deportation

The number of foreign-born criminals referred to immigration authorities soared in Oregon over the past year, spurred by increased enforcement and the case of an illegal immigrant who slipped through the cracks and murdered a 15-year-old girl.U.S. Immigration and Customs Enforcement deported 7,345 people from Oregon, Washington and Alaska during the first nine months of the current federal fiscal year, which ends Sept 30.

That’s a 40 percent jump from the 5,256 people deported over the same period in 2007, according to Lorie Dankers, spokeswoman for ICE’s Northwest region.

Would this mean that more that illegal aliens are committing crimes in the United States? But I thought they were all supposed to be ordinary people that were looking for a better life?

Bill Whittle – Always An Inspiring Read

The Undefended City by Bill Whittle on National Review Online

Well, most of what I learned about Vietnam I learned from men like Oliver Stone. This self-loathing narcissist has repeatedly tried to inculcate in me a sense of despair and outrage at my own government, my own culture, my own people and ultimately myself. He tried to convince me — and he is a skillful man — that my own government murdered my own President for political gain. I am told daily in those darkened temples that rogue CIA elements run a puppet government, that the real threat to the nation comes from the generals that defend it, or from the businessmen that provide the prosperity we take for granted.I sit with others in darkened rooms, watching films like Redacted, Stop-Loss, and In the Valley of Elah, and see our brave young soldiers depicted as murderers, rapists, broken psychotics or ignorant dupes –visions foisted upon me by bitter and isolated millionaires such as Brian de Palma and Paul Haggis and all the rest.

I’ve been told this story in some form or another, every day of every week of the past 30 years of my life. It wasn’t always so.

But it is certainly so today. And standing against all this hypnotic power — the power of the mythmakers in Hollywood, the power of the information peddlers in the media, the corrosive power of America-hating professors on every campus in America… against all that we find an old warrior — a paladin if ever there was one — an old, beat-up warhorse standing up in defense of his city one last time. And beside him: a wonder. A common person… just a regular mom who goes to work, does a difficult job with intelligence and energy and grace and every-day competence and then puts it away to go home and have dinner with the family.

Against all of that stand these two.

Clear Thinking From An Unexpected Direction

Unexpected because I, like most people, expect gays to toe the Democrat Party line.He does, however, subscribe to the evil Zionist/poor Arab belief along with a good dose of BDS. Funny, he can identify exactly what actions by the Clinton Administration lead to the present crisis but is kind of vague about the Bush “incompetence” that was the final trigger.

Gay Species: Private Greed / Socialized Risk

In a liberal democracy (as opposed to a populist democracy) we would never levy taxes on “them” (minority) for “our” benefit (majority), simply because the majority wants the minority to pay for it — lest we condone theft and extortion, rather than taxation. Yet, both parties have repeatedly violated this cardinal principal of “like-to-like” taxation. One of the most egregious efforts was Democrats’ efforts to levy yet another surcharge tax on tobacco users to pay for children’s healthcare? This vile extortion was the Speaker of the House’s initiative. This highly praiseworthy service was also unwanted if “everybody” had to pay for it, but because “everybody” only wanted the benefits, and charged smokers with the burden of providing the revenues, even G.W.B. could not sanction that scheme. The Speaker and her party sought to levy more “punitive taxes” on smokers to pay for children’s health care — because the general public wanted the benefit, but not the costs.

That’s emblematic of the problem by both parties. It is immoral and unethical extortion. But apparently, Democrats have no better values than Republicans.

Still his writing is interesting and well done. I don’t have agree with his politics to admit that.

It’s strange some times, how similar the complaints from both sides are. My brother and I agree on most things but he supports Democrats and I don’t.

I haven’t been able to support a Democrat since the Democrat Congress cut off aid to South Vietnam. They weren’t ending and American war. That had pretty much already happened. No, they weren’t satisfied to merely force the Vietnamese to fight their own war. They cut off promised supplies and air support while the North continued to receive supplies and weapons from the Chinese and Soviets. The Democrats were so invested in an American defeat that they made sure that that was what was going to happen. That single act soured me on Democrats since

So that leaves me supporting Republicans. Not because they are much better than the Democrats, but because they aren’t pushing what would be described as Socialism in any other part of the world. Nor are they nearly as authoritarian as the Democrats. The Democrats know how the world ought to work and, by Gia, they’re going to make sure it does, no matter who gets in the way. No dissent will be brooked. Ask Joe Lieberman about that.