Raise the Stimulus Ceiling to 911 Trillion USD. YES DO IT...
The International Institute of Nonviolence
By: Rev. Jermano
Now that President Bush and Treasury Secretraitor Paulson got 700 billion to rescue the banks and dropped the ball in helping banks that have the failed mortgages, leaving millions of families without knowing what to do...President Elect Obama is coming up with a similar package that would address this and create a couple million jobs.
Obama now elected President, ...is the new administration in coming to power. As you probably know the Fed finangled a 700 billion rescue plan for failing banks, saying they would ultimately have the financing to adjust the mortgages, but now they have changed their mind and want to only use the money for promoting investments that are doing well...such as buying good bank stocks. TARP.
They have now left the people out in the streets with failed mortgages, and no plan is offered for that....Except now Obama is preparing a new similar stimulus to create jobs in the economy...They are saying that amount should be about the same as the 700 billion rescue for the banks, per the above link.
That means really 1 trillion 400 billion in added debt to an already debt saddled USA from the war which cost them 2 trillion. So now the debt is looking like 3 trillion 400 billion...
Now ask yourself will their plan work or not? How in the world will it help the world?
Bush and Obama's plan won't work I think. We have an entire world that needs the US to help it. We need funding from the USA that is in agreement with foreign countries so that if we provide funds to build up the economies, they will help pay down the debt from its plan. Case in point is jobs creation in the Middle East. I am talking about for Israel and Palestine, working jobs for peace.
The Current American Obama Politicians have no idea what they are talking about.
A real rescue is not just for the USA, but for the entire world markets that go down the tubes when the US starts down on the slide.
If we get all countries to accept our economic plan, the debt is spread around the world. No matter who falls or collapses, they can not change the fact that the USA will remain in control of the money markets. Even with this massive economic plan the dollar will strengthen in the eyes of the debt. Obama is not thinking big enough. If he supplies a budget plan for all the countries in the world, he will be doing something much bigger than FDR, could ever imagine.
It is difficult to imagine that it won't work, because once all the alternative energy companies come on line around the world, those profits can be used to pay down the debt..in a protracted 75 year repayment cycle. Look at it like when Britain took Hong Kong from China, and then they had to return it back to China in 1997. This same philosophy will drive major investments from Foreign Countries who agreed to the debt plan to invest it in America.....further strengthening the dollar.
All I know is if they are going to have debt.....don't just put the ball and chain around our national necks only....we need to make it so massive that we become friends to the world....in averting terrorism. What need to buy arms and munitions...when we have this huge economic stimulus for around the world. I think it would be a very smart thing to do.
Of course it will have rules we must follow. This means it also hinges on Green technologies, and promoting jobs that stop the threat to Global Warming. This means no money to militaries, no money to Oil companies, or ship Oil tankers or oil pipelines, or automakers who refuse to make electric cars.
It will mean changing the entire Tractor Trailer Companies as well, making smaller trucks on the road that carry half the load requirements they carry today. Instead of 80,000 ln loads, they are only allowed 40,000 lbs. This makes smaller cars safer on the road, and people do not go out and buy SUV rigs that they think give them protection, while travelling. The present big body rigs literally blow you off the road.
It means money to Geothermal Energy development, around the world, with solar and wind to regions of the world that have deserts and wind areas that can use it. Our main 24-7 energy grid will come from geothermal. Think of a backhoe run on electric? It can be done.
I think a massive budget of at least 700 trillion dollars, will assure the world in its quest for energy and financial security. The debt ceiling will be 911 trillion dollars...and remind us that if we ever do reach those limits we must always work toward never going to War again.
I don't know where they come up with 700 billion figures, and so I only use the 911 trillion figure to remind us to how we got in this fix in the first place.. It stands to reason...we need to think outside the USA box / border when it comes to financial markets. If we are the Super of the Superpowers...then we need to think bigger than the little pies Bush and Obama and Congress is dealing with just in the States...It is plausible even to think 911 trillion is not enough.
This can become the new Brentwoods Agreement.