Got this in an E-mail!!!

[garciap77]

Would this work??????

BEST THING I HAVE HEARD YET.....From a senior citizen around 80 yrs. of age. We aren't useless yet.


The Fix


There recently was an article in the St. Petersburg , Fl. Times. The
Business Section asked readers for ideas on: "How Would You Fix the
Economy?" I think this guy nailed it!

Dear Mr. President,

Please find below my suggestion for fixing
America 's economy. Instead
of giving billions of dollars to companies that will squander the
money on lavish parties and unearned bonuses, use the following plan.
You can call it the "Patriotic Retirement Plan":

There are about 40 million people over 50 in the work force. Pay them
$1 million apiece severance for early retirement with the following
stipulations:

1) They MUST retire. Forty million job openings - Unemployment fixed.

2) They MUST buy a new AMERICA N Car. Forty million cars ordered -
Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage - Housing
Crisis fixed.

It can't get any easier than that!!

P.S. If more money is needed, have all members in Congress pay their taxes..

Mr. President, while you're at it, make Congress retire on Social
Security and Medicare. I'll bet both programs would be fixed pronto!

If you think this would work, please forward to everyone you know.

[BwdLion73]

Would work for me! :D

[crzyjournalist03]

love the concept, but for 50-year-olds, $1 million may not be nearly enough to retire on considering that most financial advisers recommend having at least that much at age 65 to retire. Add 15 years of living and roughly $200,000 out of that going to buy a house and car up front, and you're leaving 50-year-olds with $800,000 to live off of whatever retirement they've already got (which is probably 15 years short at least of the maturity level they're looking for).

Nice idea, but unfortunately, in practicality it wouldn't make sense for most people in their 50s.

[Pendragon13]

Voted no since this program would be out of money or over with by the time I reach 50.:(

[STANG RED]

I'm 51 and would jump on that deal without hesitation. I'd still have about 950K after paying off everything I owe. I think I could live out my days on that easy enough. Especially if my wife got the same deal. :D

[PPHSfan]

Simple minded ignorance. But what do you expect from 80 yr olds with email accounts. :p

[waterboy]

You're probably already in the 6-figure income bracket, and have been for years, PPHSfan. :p I don't know whether that suggestion would work or not, but it sure beats the alternatives our blessed government has bestowed on us thus far. :thinking: Hmmmm.....make it $2 million and I'm ready to give her a try!:D I'm pretty sure I could make enough money on the side to live on, not to mention no mortgage, no car payments, etc. would cut living expenses down to a more manageable level where even a menial job could keep me afloat while I live out my golden years on a beach somewhere.:cool: Yep, I'm dreaming....of course.

[zebrablue2]

Originally posted by STANG RED
I'm 51 and would jump on that deal without hesitation. I'd still have about 950K after paying off everything I owe. I think I could live out my days on that easy enough. Especially if my wife got the same deal. :D



+1

[bobcat1]

I'm 54 and in!:clap:

[skins4life]

Originally posted by crzyjournalist03
love the concept, but for 50-year-olds, $1 million may not be nearly enough to retire on considering that most financial advisers recommend having at least that much at age 65 to retire. Add 15 years of living and roughly $200,000 out of that going to buy a house and car up front, and you're leaving 50-year-olds with $800,000 to live off of whatever retirement they've already got (which is probably 15 years short at least of the maturity level they're looking for).

Nice idea, but unfortunately, in practicality it wouldn't make sense for most people in their 50s.

Kill-joy. :devil: :devil:

I'm 50 and in!!!

[garciap77]

Originally posted by PPHSfan
Simple minded ignorance. But what do you expect from 80 yr olds with email accounts. :p


OK, We’ll just stick with what our Government (I mean big Corporations) has to offer!:p


Let's see who can we bailout next; so they can provide more jobs and lend more money!:D

[bobcat1]

Originally posted by crzyjournalist03
love the concept, but for 50-year-olds, $1 million may not be nearly enough to retire on considering that most financial advisers recommend having at least that much at age 65 to retire. Add 15 years of living and roughly $200,000 out of that going to buy a house and car up front, and you're leaving 50-year-olds with $800,000 to live off of whatever retirement they've already got (which is probably 15 years short at least of the maturity level they're looking for).

Nice idea, but unfortunately, in practicality it wouldn't make sense for most people in their 50s. Let's say you spend $200,000 paying everything off. I bet I can take the $800,000 and make it make 5% a year at least. That's $40,000 a year. I know it's not much but if the wife gets the same thing $80,000 a year with everything paid off would be a comfortable retirement for me. I don't have lavish hobbies. I just fish and dove hunt and go to football games. I'm all over it!

Oh yes they can keep Social Security if they give me this deal. I'll die with the principal.

[lulu]

Originally posted by bobcat1
Let's say you spend $200,000 paying everything off. I bet I can take the $800,000 and make it make 5% a year at least. That's $40,000 a year. I know it's not much but if the wife gets the same thing $80,000 a year with everything paid off would be a comfortable retirement for me. I don't have lavish hobbies. I just fish and dove hunt and go to football games. I'm all over it!

Oh yes they can keep Social Security if they give me this deal. I'll die with the principal. I thought the same thing. They can keep the SS.

[TheDOCTORdre]

Originally posted by bobcat1
Let's say you spend $200,000 paying everything off. I bet I can take the $800,000 and make it make 5% a year at least. That's $40,000 a year. I know it's not much but if the wife gets the same thing $80,000 a year with everything paid off would be a comfortable retirement for me. I don't have lavish hobbies. I just fish and dove hunt and go to football games. I'm all over it!

Oh yes they can keep Social Security if they give me this deal. I'll die with the principal.

and the fishin and hunting will save on the grocery bill

[Saggy Aggie]

How do you come up with $40,000,000,000,000 to distribute? What is that, 40 trillion?

[Daddy D 11]

Republicans are up in arms about government spending. Hell, everyone is up in arms about government spending.

And if any of you are one of those people all riled up over government spending... you better not favor the above mentioned idea. Because that would be completely contradictory to your "ideals".

[bobcat1]

Originally posted by Saggy Aggie
How do you come up with $40,000,000,000,000 to distribute? What is that, 40 trillion? I guess they just write a check like they have been dooing for years with no money in the bank.

[Saggy Aggie]

Originally posted by bobcat1
I guess they just write a check like they have been dooing for years with no money in the bank. Wish I could get away with that...

[bobcat1]

Originally posted by Saggy Aggie
Wish I could get away with that... Yep they should all be in jail for kiting checks.

[lulu]

we would all be under the jail lol

[PPHSfan]

The funniest part is how paying off your house and buying An American automobile will end these crisis. Lol.

P.S. I wouldn't take the deal at five million if I were forced to drive an American made automobile :D

P.SS.

Do you know how much forty million times a million is? Roflmao

[Saggy Aggie]

Originally posted by PPHSfan
Do you know how much forty million times a million is? Roflmao



Originally posted by Saggy Aggie
How do you come up with $40,000,000,000,000 to distribute? What is that, 40 trillion?

[PPHSfan]

Yeah, what the aggie said.

See even an aggie knows it's a stupid idea. :D

[crzyjournalist03]

Originally posted by bobcat1
Let's say you spend $200,000 paying everything off. I bet I can take the $800,000 and make it make 5% a year at least. That's $40,000 a year. I know it's not much but if the wife gets the same thing $80,000 a year with everything paid off would be a comfortable retirement for me. I don't have lavish hobbies. I just fish and dove hunt and go to football games. I'm all over it!

Oh yes they can keep Social Security if they give me this deal. I'll die with the principal.

are we assuming that the government gives the money to people tax-free?

And let me know where you're getting 5% interest, I'd love to sign up for something like that long-term.

[carter08]

Terrible idea.
First: printing that much money would cause massive inflation.

Second: Losing everyone over 50 in the workforce? That would be horrible. We'd be replacing skilled, experienced workers with inexperienced kids.

Third: How many people are going to end up wasting their money within a couple of year? I'd say half of them.

Fourth: What about people not in the lower and middle classes? They will be really pissed off by this.

[WildTexan972]

Originally posted by crzyjournalist03
are we assuming that the government gives the money to people tax-free?

And let me know where you're getting 5% interest, I'd love to sign up for something like that long-term.


5% a year on $800,000 is easy if you pay attention about 45 minutes a month....

[PPHSfan]

Originally posted by WildTexan972
5% a year on $800,000 is easy if you pay attention about 45 minutes a month....

If you could guarantee that right now, you would be too wealthy and way too busy, to be typing that stuff on here.