The People's Bail Out!

Not to be to controversial, but for the last year there's been a lot of bail outs going around. There are pros and cons as to how many, how much and for whom there should have been bail outs. My purpose here is not to argue with these views.

There's been many programs presented to try to stimulate consumer spending to help get the U. S. economy back on track. So far it's been a slow recovery process. Almost all of us have been affected by declines in the value of our retirement plans, 401ks, IRAS , etc. To that end, below is an approach that I think would be a great stimulus.

I think the government should implement a one time immediate tax credit to partially offset the decline in our retirement plans, 401Ks, IRAS, etc. I believe that this would have an immediate impact on the economy and help inspire consumer spending

To make the tax credit equitable there could be limits set based on later to be determined parameters. But the idea would be to give the working people a stimulus package for the hit that we have taken during these hard economic times. I believe that we should initiate a movement to promote our on package to congress.

Feedback on this concept would be welcomed.

Peace out!

mtmsez