So out of this massive stimulus package, the great state of Ohio is receiving $7.9 Billion. Instead of wasting this money on projects that may or may not get completed, maybe we could put it to good use. I would like to see the hardworking people of Ohio (no matter how much they work or make) receive this money directly.
It is the same formula as before:
There are an estimated 11,353,140 citizens living in Ohio.
- 2,838,285 people under 18
-1,419,143 people completely relying on the government/not working at all
-58,000 in a state prison
= 7,037,712 people left!
Now divide the $7.9 Billion by that number, and you get $1,122.52 each person. If we could each get $1,100 of that, the state government could use the remaining $158,510,387 for programs and job development!
Furthermore, if this money was not distributed in cash... say a kind of voucher good at any store in the state; this money would go directly into saving some of our failing stores. Think about that much money going directly into the economy. The state could even set parameters that say if these vouchers are not used within 6 months than the state will claim them.
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Sunday, February 22, 2009
Thursday, October 30, 2008
Money, Money, Money, Money.........Money!
Just an idea...
Today I thought about how much good $700 Billion could do for us regular folk (those of us making under $50,000 a year). On a hunch I looked up the latest Census Bureau numbers and found out that their are an estimated 227,719,424 U.S. Citizens, 18 or older. Now, take the $700 Billion that is most likely going to bailout large corporations & wealthy CEOs... if we divided that money equally to all of these U.S. Citizens 18 and older, we could each get $3,000 and still be saving the federal government over $16.8 Billion!!! I am not good with math, but I checked this several times with a calculator. I know that to those large corporations and their wealthy CEOs that $3,000 is nothing... probably a nice business meal. But to those of us not making a hell-of-a-lot it would be a fantastic bonus, or even a badly needed infusion of cash.
To take this further, if we all spent half of what we got ($1,500 each) that would mean $341,579,136,000.00 going directly into the hurting economy. I know that might not be a big deal to the proponents of 'Trickle-Down' economics, but it would be a start.
So how about we get most of it, the government can split the rest between all the companies vying for their attention (ahem, GM) as long as none of the companies send any more jobs overseas. Maybe this isn't the best idea, but I think we might want to try it.
Today I thought about how much good $700 Billion could do for us regular folk (those of us making under $50,000 a year). On a hunch I looked up the latest Census Bureau numbers and found out that their are an estimated 227,719,424 U.S. Citizens, 18 or older. Now, take the $700 Billion that is most likely going to bailout large corporations & wealthy CEOs... if we divided that money equally to all of these U.S. Citizens 18 and older, we could each get $3,000 and still be saving the federal government over $16.8 Billion!!! I am not good with math, but I checked this several times with a calculator. I know that to those large corporations and their wealthy CEOs that $3,000 is nothing... probably a nice business meal. But to those of us not making a hell-of-a-lot it would be a fantastic bonus, or even a badly needed infusion of cash.
To take this further, if we all spent half of what we got ($1,500 each) that would mean $341,579,136,000.00 going directly into the hurting economy. I know that might not be a big deal to the proponents of 'Trickle-Down' economics, but it would be a start.
So how about we get most of it, the government can split the rest between all the companies vying for their attention (ahem, GM) as long as none of the companies send any more jobs overseas. Maybe this isn't the best idea, but I think we might want to try it.
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