| “Hit the Ground Running” Suggested Solutions for the Democratic Platform SAMPLE WORK SHEET TO FUEL YOUR THINKING by BARBARA MITCHELL JULY 14, 2008 FOR: What “you” would do to pay off the Federal trillion-dollar debt, and to save the United States of America? As you formulate how you would pay the debt remember that you can only tax people, property, businesses, items etc so much. Eliminating non-for-profits, or cutting back on social services is not an option, because, some practices the U.S. has exhibited created many social, mental, and physical health problem. Therefore if theses problems are left untreated, they will only create more problems…We are a compassionate country, and we want to stay that way….. Even in the Estate tax, it is not wise to increase the Estate taxes, because you either discouraged one to bring their best, or force them to move their money or Estates to another country etc; Often a part of what motivated the Estate owners to work as hard was to leave something for their family etc Actually many of the human made blocks (special interest/favors) and glass ceiling that has been allowed in the U.S. is a big part of our problem now…With those practices you lose a great deal of your creative talent etc. Why do you suppose the Ive league schools Harvard &Yale etc. now offer full financial assistance to students of parents who earn less than either$ 40.00 or $60.00 per year? ..When in-spite-of, the students have the grades etc. to be accepted into the Ivy League schools… At this point the U.S. has no alternative but to develop FOR PROFIT BUSINESSES Interest on money and taxes will not get the U S. out of debt this time….while sustaining the U.S. and our military. What if there is another war. Get real. Open your eyes. This current administration is now depleting what ever little cushion there might be hoping to stay-off “The collapse” on their clock. They have bankrupted the country with-out a clue of how to fix it. So now it’s the people’s court…….. I heard quoted that American had lost 300,000 jobs to other countries since the year 2000; to that, add approximately 500,000 or, more who are unemployed. The numbers that are reported each quarter reflecting the number of unemployment claims filed, does not include those who remain unemployed, but are no longer eligible to collect unemployment. Do the math, even, with 800,000 thousand new jobs created, it would not generate enough in tax dollars to make a dent in the U.S. financial problems. JPMorgan Raises Bear Purchase Price By JOE BEL BRUNO, AP Business Writer Monday, March 24, 2008 “JPMorgan Chase & Co.'s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing rival, blunting the threat that angry shareholders could scuttle the deal”. http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/03/23/financial/f224831D11. DTL&feed=rss.news ‘‘BusinessWeek reports that the $29 billion "loan" that the Fed is making to finance JPMorgan Chase & Co. (NYSE: JPM)'s $1.2 billion acquisition of The Bear Stearns Companies (NYSE: BSC) is really an equity investment in $30 billion worth of mortgage- backed securities (MBSs)’’. http://www.bloggingstocks.com/2008/03/27/the-feds-29- billion-bear-stearns-equity-bailout/ My take in third grade English as “The People” are taking back “Our” U.S. Government from the special interest; that means when the government used tax payers money to bail out “Bear Stearns. Or, any other company, “We the People” are part owners of “said Company”. Therefore, it is time for the Government to become listed as a “For Profit partner in “Said Companies” beyond just being paid back the loan with interest. If that 29 billion was 20-30 percent etc of J.P. Morgan’s value, then the Federal Government “We the People” should now become 20-30 percent owner of J.P. Morgan. That deal should be re-inked so the Federal Government, We the People, begins earning money as J.P. Morgan earns on our shares as part of the first step toward paying off the trillion dollar debt, and saving America; Those shares that “We” financed from Bear Stearns to J.P. Morgan, now belong to “The People” Now comes federal aid to Fannie, & Freddie, The same process that I mentioned above should be put in place when the Fannie –Freddie deal is inked. That’s not the Federal Government being personal; it is just doing business as business should be done. The money belong to “The Tax Payers, it does not belong to a few “Selected Elected Representatives” who hand picked a “Few Other People” to Manage the people’s tax dollars-“Our money”. Can you imagine how many jobs that “$29 Billion” would create? How much tax that could be generated from that same “$29 Billion”; Not to mention the on going earning power created, if it would have been used to create “For Profit” businesses for the government.-You aid two of the U.S. major problems in one smart business move; which additionally would create a positive affect (ultimately saving the country money) relating to social, mental and physical health problems that can be traced back to families suffering from long periods of un employments. This is the time that old process must-change. As it has never been clearer how much the mis-management, of the tax dollars, “our money” since the year 2000 has hurt all of us badly… Stocks trade mixed on plan to aid Fannie, Freddie Monday July 14, 11:52 am ET By Tim Paradis, AP Business Writer “The Treasury and the Federal Reserve said Sunday that they would aid the companies if needed. Wall Street has been on edge about the well-being of Fannie Mae and Freddie Mac because the companies hold or back $5.3 trillion of mortgage debt, about half the outstanding mortgages in the United States. Washington's efforts to shore up confidence in Fannie Mae and Freddie Mac helped those shares but troubles have arisen in other corners of the financial sector”. http://www.breitbart.com/article.php?id=D91TNE180&show_article=1 What businesses would you suggest the government create as 100 “For profit”? What businesses do you suggest the government become 50 percent” For profit” partners?” What businesses do you suggest the government become 20 percent” For profit” partners? For one, 40 percent of the profit from all oil purchased in the U.S. from the four or five major oil companies should be paid to the U.S. Government….with the government owning 40 percent of the for or five oil companies. Tax exempt of course. for the government, but taxable for the oil companies. (The tax part is not rocket scientist; it’s only a paper transaction)If the government is going to be held hostage as if they are part owner of the oil companies regardless. The government should receive 40 percent of the oil profit. . Every time there is a storm, fire, threat anywhere in the world etc., the people pay more at the pumps. Additionally the oil companies want the government to subsidize their expansion, even occasionally their disaster repairs, no matter how much profit their oil companies have made. So why not have the government receive 40 percent of the oil profits…. That is not an unreasonable action to take toward the oil companies, because the oil industry is currently bankrupting most U.S. companies; that is, of course being passed on to bankrupting people, which goes full circle back to a bankrupting the U.S government…This action would have to be closely regulated…. How can we form a regulatory entity to regulate “All” that will not be “For Sale?” I repeat we have to make serious changes. We know where the old system ultimately got us. To put into motion this debt paying system, again, we need the best and brightest team, who can Hit the Ground Running without fear. For the oil companies the best team of legal minds that can be found will be needed to draft and ink the deal...Take the profit, or break up the oil companies like was done before. (Americans have such short memories, the oil companies were broken up before to prevent what is happening NOW!) http://www.commondreams.org/pressreleases/Dec98/120298e.htm Even though the FTC disapproved some one with authority over the FTC ignored their recommendation: that A British Petroleum & Amoco Merger, The first of the Big oil mergers would result in the exact conditions that the U.S. is experiencing today in reference to the oil companies. –THE U.S. GOVERNMENT HAVE A VERY SHORT MEMORY- http://www.ftc.gov/os/1999/04/981-0345.%20c3868%20british%20petroleum%20cmp. htm However because of the U.S. debt, I say take 40 percent of the U.S. earned oil profit, and 40 percent of any profits “said” companies make from Iraq Oil…..By the time the full U.S. debt is paid, I am thinking within 10 to 15 years if the government goes “For profit”, The U.S. will be about 60 percent independent of oil, so there will be no need to break-up the companies. They will be coming obsolete in the U.S. With the “Green Movement” and U.S. becoming a major force in manufacturing again, a lot of plastic, which are oil-based will have been replaced also….. |
| PAY OF TRILLION DOLLAR DEBT |