Letters to the Editor • Economy - Economics USA

The Strength of America

I have been watching the Washington statesmen and women running around with many stupid, tried and failed economic plans.  Plans that for the most part rely on spending trillions of wealth that we will borrow from another country and payback with interest from America\'s wealth. I have a better way.  This may seem impossible that the Average American has a better way then the highly educated fools now in Washington, but I do. The first is to cut all principal amounts on any home or small business loan by thirty three percent.  Next these loans would be refi at one percent.  This window of opportunity to last six months.  The banks would have to accept one half of the thirty three percent loss, the federal government would pay to the bank one half of the thirty three percent write off.  This would then free up billions each month that is being paid on over priced home/ business loans.  This money, from people who are working and making their loans is not new money that has to be financed threw China but money, wealth in America. Second I would demand every American who earns a check have to, thats right, be required to buy US Savings bonds with three percent of his gross income per check.  The Bonds will be set to mature in ten years.  This would mean that the Federal Government would  have to borrow money from  Americans.  Americans would be receiving the interest and the amount would be great enough to start buying back the money we borrowed over the last twenty years. Needless to say this would cause great problems in Washington and China plus Europe and Japan.  Americans taking care of America.  After all We the People may not have made this economic war but sure as hell we the people will have to fight the war and pay for it.  We may as well start here in America to rebuild America! 

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