Subject: Budget

The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. -- Cicero , 55 BC

$350billion:

If every citizen that who filed at least one return in the last three with an average of $150,000.00 gross or less and was over the age of 18 were given $200,000.00 in the following break down AIG and others would recover and so would the people. With and IRS set tax on the $200,000.00 of 25%, the government would see an instant return of $85billion and I doubt the entire $350billion would be used.

1] $50,000.00 to do with as needed. 2] $50,000.00 in voucher form to be used against debt such as credit cards, car loan, back taxes, back interest, back mortgage, etc. The left over to go with the next $50,000.00. 3] $50,000.00 in voucher form to be used against mortgage principal and extra to go into retirement holdings of some sort. Non home owners can use this as a down payment. Renters wishing to continue to rent or lease should also receive theirs, spread out.

If you put it at the root of the tree it ends up back at the top so why not save the whole tree?

Blessings and Beauty

Why don't we look at ALL optios, ie:

Take 700 billion dollars divide it by the us taxpayers that make between $15k and $35K (which I am not included), this equates to $100k per person. These people will pay off mortgages, credit cards, car loans/ purchase new ones, spend on consumer products, invest and put money in savings and checking accounts.

This would relieve the mortgage problem, auto industry, and liquid asset problem our banking industry is dealig with.

Our elected officials in Washington and Santa Fe wonder why Americans have lost faith in our system that our fourfathers established. Les we forget, FOR the PEOPLE BY the PEOPLE.

How much did President Bush, Secretary Paulsen, Congress, and the media contribute to the bad day for stocks on Wall Street by predicting disaster?

Doesn't the 450 point bounce-back on Tuesday prove the market over-reacted when investors sold heavily on Monday?

Doesn't the drop in the inter-bank lending interest rate Tuesday from 7.7 % to 1.7% - which is below the prime rate - indicate that the credit crunch can be over whenever the banks decide it is over? That "liquidity" is available both in the US and in growing economies like China and in sovereign wealth funds without another $700 of borrowed money from the US taxpayer?

If the fundamental problem is that individuals and the federal government are too far in debt how can borrowing another trillion dollars be a real long-term solution?

If the problem is financial trickery and "over-leveraging" by borrowing $60 agains each $1 of mortgage-based security how can buying up bad debt solve the over-leveraging problem? Won't the taxpayer owe the full $60 even if we buy the security for 50 cents?

If the problem is 2 million home foreclosures and another million foreclosures coming isn't the bail-out bill far too weak in protecting homeowners - merely "encouraging" the Secretary of Treasury to take homeowners into account and asking for a report in 6 months?

Couldn't Congress set a national mortgage interest of 2% for the next two years for everyone's mortgages and stop foreclosures?

Wouldn't this stop bad debt write-off, preserve real estate values, improve bond ratings, and get to the root of the problem without putting the taxpayer into another dime of debt?

By not forgiving debt but by giving American taxpayers the ability to earn their way out of debt wouldn't Congress resolve the "moral" issues of the crisis, making up for realtor/mortgage initiator overselling and financial industry overleveraging?

Shouldn't Congress wait till after the election if "regime change" reluctance to invest in questionable financial instruments means that global investors would rather see who the next President will be and respond to his initiatives and guidance?