WALL STREET AND K STREET: NOT JUST DRUNK – ALCOHOLICS

Years of Out of Control Borrowing and Spending Shake Our Way of Life

President Bush rightfully labeled Wall Street as drunk and hung-over but left out the lawmakers. Together Wall Street and K Street should be committed and thrown in alcohol REHAB. The hand slapping and reform is like a night in a drunk tank. If America was a company we would be bankrupt, insolvent and the executives and board of directors would be in jail. Worse our foreign debt holders would have already taken over the business and are in a position today to cut off our binge. Our financial, political and corporate leader participated among so many other unacceptable has caused the worse peril to jeopardize our way of life since the Great Depression.

Can America’s Greatest Depression be avoided? Are lawmakers and business leaders willing to dramatically change America? I think every America would say absolutely not and if surveyed a huge majority would respond venomously with absolute outrage at how our country’s finances have been squandered and our economy managed to the brink of catastrophe. Although the American People, as our panderers like to call us, didn’t run up the national deficit, cause the dollar to go into free fall and have to prop up the mortgage giants Fannie and Freddie, we all are feeling the massive affects of the FIRST of MANY SHOES to DROP! Insurance and Reinsurance Giants, Hedge Funds, Pension Plans, Retirement Plans, run away deficit, melting dollar, bank collapses, a myriad of things to come and the cascades haven’t even been felt yet. Like a Tsunami caused by an underground ocean earthquake it shakes the earth but the real devastation is not felt until the huge waves come after. Our economy hasn’t felt the full force of the meltdown yet!

People in America need to understand how and why this happened. But moreover need to see a way out of the mess. I do not see any politicians coming up with a plan and the FED is treading water and printing money 24-7. So what can we do? Stop America and its Citizens from being addicted to credit and borrowing. We have had a dramatic shift from a Savings Nation to a Debtor Nation and it will be our downfall!

A Few Ideas to solve the issue.

1. The FED and Civilians manage and or oversee the budget.
Although great for economy and nation LAWMAKERS would fight forever not to allow that.

2. Pay off deficit and buy back our currency. LIBERATION DAY

a. LAWMAKERS pass 1 law that requires all institutional money management groups (Pension, 401k, Union, Endowment) to allocate 10% of their investments to buy back debt and currency. They all have to invest 100% of the money anyway.

b. The money goes into a pool managed by FED and Civilians to execute the buyback of deficit and currency and invests $1 Trillion of the money raised into the debt market (much needed liquidity for the debt markets) and buys zero coupon bonds that mature to pay off the above at maturity

c. ECONOMY BONDS. America issues Economy Bonds – like War Bonds – Only to Americans to buy back our economy.

d. Lawmakers take 5% of worker’s taxes and place the money into an economy savings plan to shore up all the banks and also turn Americans into savers.