It's a really simple 1 paragraph plan:
Instead of giving these financial institutions $700 BILLION dollars to bail them out, why don't you give the rest of us who are struggling to get out of debt a decent cut of that money. Then the banks will get their money back from their stupid investment mistakes and the rest of us will be able to use our hard earned money to save up for solid down payments on a home, instead of trying to put as little money down as possible since we aren't able to save with our school loan and credit card debt. Everyone will be able to get their finances back on track.
The $700 billion won't pay off everything for everyone, but in my experience, getting rid of one credit card with a high interest rate and one school loan, I would be able to finally save what I need for a really good downpayment. If this would have occurred 3 years ago when I had to move home while looking for a real job, I would have lots of money to put down on a condo right now.
Simple. Very simple.
I should run for president.
Ghost House: Episode 7: The Red Ring of Death
15 years ago