Bailout the Taxpayers - Not the Crooks

The President and the Congress seem to be moving quickly to bail out the crooks at Fannie Mae, Freddie Mac and the insurance giant AIG. Why are we bailing out these crooks with honest taxpayers money?

Rather than printing another $785,000,000,000. in worthless fiat money that puts each taxpayer in the hole for over ten grand, why not just give the money directly to the taxpayers instead. Let's give the $785,000,000,000. to American taxpayers instead. Let's give 135 million American taxpayers a "citizen bailout" dividend.

To make the math simple, let's assume there are 135,000,000 bona fide U.S. taxpayers (accourding the IRS figures for 2005). Now divide 135 million taxpayers, into the $785 billion and that equals $5,800. for each taxpayer!

If we have to bail out someone, isn't it better to bail out the people who are actually paying the bills. Why are we rewarding incompetence and criminal behavior with taxpayer bonuses that will go to the very crooks that caused this crisis.

I say if we are going to bail out anyone, let's give $5,800 to every American taxpayer as part of a "citizen bailout" plan. A husband and wife would get $11,600. to do with what they want!

John Wallace
NYCampaignforLiberty