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Take a look at this most recent story on BlueHippo.
Then ask yourself, which is better, giving your money to someone else to hold in order to buy a computer for you or saving the money yourself and finding the best deal possible?
The answer should be obvious. We get complaints about computer layaway programs all the time.
It works like this. You allow someone access to your checking account to take money from you until they have enough of your money to make a profit and to buy a computer for you. The contract can be very one sided and you are relying on them to choose your computer for you. This is usually done for people with bad credit. Want to build your credit rating? Pay off your bills. Stay out of debt. Don't buy things you can't afford. Rebuilding your credit takes time and discipline.
Children need their parents to make these kinds of decisions for them. Adults don't. It just takes discipline. Save the money and avoid temptation to spend it. Then buy your own computer of your choosing and price. Think about it you have the ability to control your own destiny.
And what can occur when big business and government become unaccountable for the consequences of their actions, or inactions?
And how much money we are talking about?.
Subject: The Birk Economic Recovery Plan I?m against the $85,000,000,000.00 bailout of AIG. Instead, I?m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let?s assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.. So divide 200 million adults 18+ into $85 billon that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend. Of course, it would NOT be tax free. So let?s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage ? housing crisis solved. Repay college loans ? what a great boost to new grads Put away money for college ? it?ll be there Save in a bank ? create money to loan to entrepreneurs. Buy a new car ? create jobs Invest in the market ? capital drives growth Pay for your parent?s medical insurance ? health care improves Enable Deadbeat Dads to come clean ? or else Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we?re going to do an $85 billion bailout, let?s bail out every adult U S Citizen 18+! As for AIG ? liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Here?s my rationale. We deserve it and AIG doesn?t. Sure it?s a crazy idea that the beltway will never allow? but so is bailing out bad decision makers? Can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC . And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. Kindest personal regards, Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic PS: Feel free to pass this along to your pals as it?s either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!