How about instead of giving a couple trillion dollars to the financial
institutions, instituting a financial holiday -- something like FDR
created -- and use the trillions of dollars to create infrastructure and
affordable housing?
We could also raise some more money by ending the wars and cutting back
military spending.
Some of the money would be left over to create national health care,
alternative energy, and tuition support.
If we needed more money beyond that, we could raise taxes. With all the
spying on ordinary people, the NSA must certainly know where the fat
cats are hiding their money in tax shelters.
Sure, there would be problems. People would need access to their money
to get groceries and the like before the jobs were online. But the plan
suggested here seems no more outrageous than rewarding the felons for
their crimes.
Something patched together by the Treasury this quickly is sure to do
more damage than any outrageous suggestions made above.
--
Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com
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