Today I reached my 69'Th year of life. Such a long time in
such a Great Country. Life might be better, but I know not where.
As a country we are going through some rough times and there
are serious decisions that must be made that will keep our Country strong?However, as serious as the issues that face our Government (Translated... YOU & I) are there is always a little time for some humor.
My son Matthew did some serious calculations regarding the payback of student loans, and came to the startling realization that he would have $77 a month left over from his paycheck to pay for food, electricity, transportation, clothes, communications, etc.
That got me thinking about the National Debt.
Seeing as how I have a lot of time since retiring, I use a
lot of it up just thinking about things like this, and ways that perhaps I can
help (or not).
So, with a little bit of brilliance, an Excel spreadsheet,
and some creative mathematics, I believe I have come up with the Ideal plan to not
only eliminate the national debt, but at the same time... "Will save you a
lot of Money".
But first, I must confess that I did have to get some help.
You see; I do not have a PhD, Masters, or... as far as that goes did not even
go to college (Although I have watched the Masters on TV). So, to help me with
the math I recruited all the brainpower from the Federal Reservoir, as these
are the folks who really know how to manage money. Thus, any omissions or miscalculations
are strictly not the fault of the author (ME).
So, without further ado here is...
MY PLAN FOR ELIMINATING THE
NATIONAL DEBT.
<<<THE GREAT GOVERNMENT BAILOUT>>>
We start with a bit of data...
Best I can tell the National Debt stands at roughly
$14,000,000,000,000.00 (That's $14 TRILLION).As of the 2010 census, the population of the US was 308,754,538 (roughly 308 MILLION)
Here is how the plan works... it's both brilliant and genius (at least I think so, but you be the judge).
First off, this is a 4 year plan (just like the one for the President),
so I estimate (crystal ball... like the shiny one on "Dancing with the Stars")
that in 4 years the National Debt will be $34,000,000,000,000.00 (That's $34
TRILLION).
So, doing some quick math you will see that that is $110,123.00
for every man, woman, child, who were alive at the time.
Now... BIG (As in Big Government) simply bales out every
man, woman, and child, who were alive at the time to the tune of... you guessed
it... $110,123.00. Yep, they give everyone $110,123.00. Now, there is one
catch. Each of the men, women and children, have to immediately invest their
money by turning it over to Wall Street, who will in turn guarantee a return on
investment of... now get this... 0.5%. Sounds kind of low right, but just wait,
as Wall Street has all the backing and power and insight from Bernie (remember
him?).
Now, all you PhD's out there will immediately realize that
this Bailout will simply be added onto the National Debt, increasing it to
$68,000,000,000,000.00 (that $68 TRILLION). But have no fear; my plan takes
that into account... Just watch (read on).
Now for the serious math that gets us there...
Remember we start off with an initial investment of
$110,123.00 for every man, woman, and child.
At year 1, interest is $551.00 and balance is $110,674.00
per person
At year 2, interest is $553.00 and balance is $111,227.00
per person
At year 3, interest is $556.00 and balance is $111,783.00
per person
At year 4, interest is $559.00 and balance is 112,342.00 per
person
For a TOTAL of $446,026.00 per person
As I said, this is a 4 year plan, so you can see that at the
end of the 4th year, your $110,123.00 investment will have turned into $446,026.00
(Yay Bernie!!!).
Now multiply that $446,026.00 by the entire population and
you will see that the total return on investment (thats ROI to all you non morticians
out there) is a WHOPPING $137,708,521,271,250.00 (that's $137 TRILLION)
Take away the $68,000,000,000,000.00 (that's 68 TRILLION)
owed and you have a balance of... drum roll please... $69,708,521,241,250.00 (that's
$69 TRILLION), or $225,779.85 for every man woman and child.
Now for the bad news... "TAX". Yes, you gotta pay
tax, and you are now in the 25% bracket, so your tax obligation is $56,444.96
leaving you with a balance of just $169,334.89 for the 4 years, which works out
to $42,333.72 per year or $3,527.81 per month, which is a whole lot better than
Matthews $77.00.
Whoever said "Figures don't lie" might just be
wrong... GO FIGURE...
Just Say'n
