Sam I Am Blog

My Newspaper of News, Lifestyle,Culture

A MILLION DOLLARS FOR AMERICANS

with 5 comments

Political and Economic Opinion Editorial :

The Warren Economic Recovery Plan


A Million Dollars


for Americans


by Samuel E. Warren Jr.

The Bush Administration Depression of October 3, 2007 explodes. The Global Economy experiences the Hiroshima and Nagasaki detonation at ground zero.

World news services freak as they rush to cover international financial hysteria around the world. World governments drop the American dollar like rotten vegetables and scramble to keep their economies afloat.

The BAD rocks on and tumbles Big American banks. Legendary brokerage houses collapse like a house of cards. The American people give candidate Obama a national mandate:

Fix it !

Within 72 hours of moving into the Oval Office, President Obama has not been able to bring the U.S. Economy back to the 1950 Levels of Economic Stability and Rainbow Optimism.

The new president has no magic wand. He has to deal with the U.S. Congress. The party of the Old Administration doesn’t want the blame for the Global Financial Holocaust, so they rally to distance themselves from the rising flood waters of financial criticism.

Hometown Americans and Global Citizens are worried and resort to finger pointing at the poor man, who was foolish enough to want to work in the Oval Office.

By 2010, The Economists’Mantra echoes from sea to shining sea, over the purple waves of grain : “Mission Accomplished ! Mission Accomplished ! Mission Accomplished !” The rebounding economy tune doesn’t seem to be catching on. It has not caught on in the Heartland Of America. I haven’t seen it on Billboard Top 100 or found it on The New York Times Best Seller List.

Still, Americans complain of rising gas prices and trying to pay bills. Rolling coins can be a time consuming task.


Global Economic Recovery still sounds more like a dream that world leaders signed off on, rather, than trying to find a working solution to halt the recurring “Feast and Famine” cycle of the economy.

Email Congress The Plan

I have a plan that I believe will restore not only the U.S. Economy, but the Global Economy. If you agree, then, email this article to your U.S. Senator or your U.S. Congressman.

The

Warren Economic

Recovery Plan

The 2010 Census will reveal the number of Americans, which will provide the data that the U.S. Government needs.

Based on the 2010 U.S. Census, every American from age 21 to 100 should receive a U.S. Government check for ONE MILLION DOLLARS.

Based on the U.S. Census and the Internal Revenue Service records, the U.S. Treasury will have the addresses of Americans who are between ages 21 and 100.

Three Strings And A Thread Attached

1  Americans who die, while the checks are being processed, will have their checks canceled The funds will not become part of the deceased estate.

2 No one currently imprisoned in a Federal or State prison will get a check.

3  American men and women in uniform on active duty, will get a check, but will not be allowed to apply for early retirement or be able to leave the U.S. Armed Forces before their normal term of enlistment is scheduled to end, likewise, officers won’t be allowed to resign their commissions to seek private business opportunities simply because they got their check.

The thread – A Nationwide Prize Freeze becomes effective on essentials. For 24 months, by Federal Law: NO INCREASE in the price of groceries, rent or health care.

Reason for A Federal Prize Freeze

Throughout my military career, it never failed. Uncle Sam would give us a Cost Of Living Increase to our basic pay and before the ink was dry – local land lords and grocery stores had already raised the prices on everything from rent to bread to milk and eggs.

The Complete Plan

The three reasons and the two-year price freeze on rent and groceries is the complete Warren Economic Plan in entirety. I, Samuel E. Warren Jr., came up with and believe in the plan.

Why The Plan Will Work ?

Human Nature.

The funds will find their way quickly back into the U.S. Economy at large because of :

Human Nature.

Youth

Young Americans are traditionally optimistic. They will finally have “money to burn.” Being youth they will go for the “toys that they can’t live without.” They will be “spending” the money on cars, stereos, theater systems and other items to their hearts’ content.

Granted, there may be those who decide to invest or keep the money in the bank, but, youth is optimistic as a whole, so the people who “save” their money will probably be in the minority.

Middle-age Americans

Middle-age Americans know how volatile the economy is.

Some, no doubt, would go into the office the day after they get their check and walk up to their boss and sing a few of the lyrics from the Johnny Paycheck song about, “take this job and shove it,” before they smile and walk out the door.

Some will hop a plane for Las Vegas and Atlantic City to gamble.

Others will think about the kid’s college educations, the house mortgage and their own retirements. Still, even the most conservative will be tempted to spend a few dollars on something they want.

Senior Citizen Americans

Forget the kid’s and grandkid’s inheritance. The little darlings have their own 30 to 40 -year work life ahead of them. You are headed for the horizon of the After Life. Time to do what you always wanted, but never had the money to do.

Senior Citizens tend to be ultra conservative in financial matters. Thus, the majority will, no doubt, put some of the money in areas they believe to be secure. If they need the money for hospice or HMO care, then, they will have the money they need to help pay expenses.

Put Your Money Where You Mouth Is

Americans who do the charity routine will no be able to sign their check over to their favorite charity from “Save The Whales” to “Help Refugees” to “Help The Homeless.” The Americans, who truly believe in their causes and who aren’t just paying “lip service” will have a way to make the world a better place.


Expected Fallout

The sudden influx of U.S. Currency into the economy will bring change, but, not chaos.

First, even if the president signs the plan into law with the U.S. Congress lap dogs standing over his shoulder smiling for the “photo op;” the impact will take a few days.

The U.S. Treasury fires up the printing presses and sends out the checks. The IRS has already provided the addresses. Tradition means that the checks will probably be sent out alphabetically, which means Americans with A last names will get their checks first. Naturally, Americans with W and Z last names will have to wait for their checks.

Meanwhile, the boys and girls of the U.S. Treasury will also be working to print off the bills to meet the needs of banks. Obviously, some Americans will want to look at the bills going into their wallets.

Win Win For Uncle Sam

At the outset, the Currency Exchange Game will take a hit. World Governments will freak out. The U.S. Dollar will ping pong like a tennis ball in a high wind.

In the long run, Uncle Sam and State Governments will benefit because Uncle Sam’s gift ISN’T tax free, which means come April, Uncle and the States will get their traditional “sheckles of silver” through the usual tax channels.

In the short run, the money going to average Americans will find a way into the economy through a variety of means at every level imaginable.

By the time Americans in the middle of the alphabet, begin to receive their checks, the economy will have become flexible enough to “roll with the punches.” The economists and government leaders will know what to expect.

Here Come The Critics

I can see economists, bankers and brokers, across the nation dropping their coffee cups and spilling their bottled water.

Granted, if the U.S. Government starts mailing out Million Dollar Checks to Americans, then, the news alone will impact the global economy.

Without a doubt, people will come scrambling with their spreadsheet and projections. The critics will be speed dialing their local TV stations to go “On The Record” why the plan won’t work.

Terms like Inflation, Recession, Depression will be “warming up in the bullpen” ready to “take a swing” at the plan.

But, before the critics don their prophet robes and take to the streets to yell “doom and gloom,” wouldn’t they like to get a “check from the U.S. Government for one million dollars.” Put down your “End Of The World” sign for a moment and think about the dollar signs.

Woes For The Wealthy ?

Traditionally, one percent of the American population is considered wealthy. Obviously, American millionaires and billionaires aren’t going to like the idea of their doormen, gardeners, handy men, butlers, chauffeurs, club golf pros and tennis pros, becoming millionaires.

Take A Deep Breath, Money Bags ! Not all Americans will walk off the job with the check in hand. Some Americans do “live to work.”

Big corporations will hate the idea, because the money goes to a person, and not a company.

One word – Enron.

American companies have a long tradition of being “leeches” on the U.S. Government and indirectly “sucking the life out of the American taxpayer.” When big companies go under, Americans feel the effects and the U.S. Government cleans up the mess.

Does anyone remember the Penn Central railroad or the Savings and Loan Crisis ?

The critics won’t like this plan because it puts money in the hands of “blue collar,” junior and middle level management Americans – the people at the bottom of the American Work Force, who roll coins to pay their bills and make ends meet each month.

Before the Money Bags, light their torches and march on Washington D.C.: Consider this: People at the bottom will have money to “pay cash” for expensive toys from Humvees to bass boats.

Americans will have money to offer collateral for large purchases, thus, banks and lending institutions will “profit.” Americans like to “spend” as a culture, which means, that overall, in the long run, the number of American millionaires will not be a drastic increase.

U.S. Congress In The Spotlight

Flip on the kitchen light and watch the roaches run.

Obviously, not all members of the U.S. Congress want to serve a “nation of millionaires,” even temporarily.

But, before they start to “cackle and squawk like frightened hens in the chicken coup,” they should kick back have a bottled water and consider than the funds will be going to their voters at the grass roots. Some voters might even still have some of the money available to spend for the next congressional race.

If the president considers the plan a viable option, then, it might be in the interest of the individual Congressman or U.S. Senator to get on board early.

Do you really want to be the U.S. Senator or Congressman, who has to go back to his voters and say:

I voted against giving

each American, One Million Dollars.”



At the back of your mind, is there really a single American in 21st Century America, (other than grade school and high school students), who doesn’t believe that their U.S. Congressman or U.S. Senator hasn’t been bought and paid for by some lobbyist or special interest group ?

If Americans at the bottom of the social and economic scale suddenly have finances to help make a difference, then, the lobbyists and special interest groups will be forced to change their focus. Perhaps, the concept of “One Vote, One Voice” will again mean something in America.

Silence The Economists

I’m sure Economists will reject the “Warren Economic Recovery Plan”. My plan is bold, unorthodox and I believe it will work because it means “Money For Americans”

Obviously, I’m not a Mathematician or an Economist.

My plan goes against all those “Conservative Financial Ethics” that brought us numerous inflation, recession and depression cycles from the founding of America right up to today.

My plan ignores the favorite “Supply And Demand” story. My plan ignores our favorite fairy tale of the “Pilgrim America Work Ethic.”

Uncle Sam’s Pipe Patch

Uncle Sam’s Band Aid to Stop The Global Economic Coma was to dump tons – “billions” – of dollars into the hands of financial entities at the top to save the economy.

Billions of dollars went to a few American companies, while millions of Americans watched the U.S. Government respond.

Why would the U.S. Government give “Billions” to a few companies for “Millions” of Americans ?

Wouldn’t it of made more sense to give “a million” to “millions of Americans.”

Wouldn’t it have been cheaper for the U.S. Government to give money to the American taxpayer ?

If there are between 212 and 220 million Americans wouldn’t it of been cheaper to give each American a million dollars than to give about “800 billion” to the companies suspected of losing all their money and plunging the global economy into Economic Armageddon

U.S. Government officials made the news to rescue the global economy by performing an economic plumbing job. The pipe patch was to give the companies money and to allow the money to “ trickle down to Americans.”

I’m still waiting for my trickle, like, no doubt, many Americans. According to friends, American banks still aren’t anxious to “open their purse strings.”

If Uncle Sam rushing in to “save” the U.S. Economy isn’t restoring confidence overall, then, perhaps, it is time to try an approach that helps everyone, from the bottom up.

Other Governments

If the U.S. Government doesn’t want to try the plan, then, there should be nothing to keep other governments from trying the plan of giving money to their citizens. Naturally, each government would have to look at the policy in light of their culture.

But, why wouldn’t giving a million dollars to citizens from 21 to 100 work ?

Worthless Currency

Ultimately, all currency is worthless because you can’t take it with you. Economic systems seem to work because people believe at some level they are backed up by something like gold and silver.

It is the belief that seems to keep the world economy working. FDR took the U.S., off the Gold Standard in the 1930s, so you can’t take a dollar into a U.S., bank and request a “dollar’s worth of gold.”

Still, it is our overall belief in an economic system that keep money flowing. The value of world currency fluctuates like a teenager’s wardrobe, but, even the poorest economies survive because of our overall belief in colored strips of paper and electronic digits flowing through the mystical financial system.

Yes, any government that okays giving a million dollars to citizens will feel the effects of other governments freaking out for a time, but, the overall global system will survive because of the international belief of people in currency, while other countries try to figure out how to evaluate a particular government’s currency.


The Challenge

Is there any real reason why giving American citizens a million dollars would not improve the Global Economy ?




SAM



Send me feedback for this article to SamuelWarren55@gmail.com

Advertisements

Written by samwarren55

June 3, 2010 at 4:55 AM

5 Responses

Subscribe to comments with RSS.

  1. Hey, thanks for commenting on my blog.

    With all due respect, I highly disagree with this plan to “revitalize the economy.”

    This ignores many of the fundamentals of economics:

    1. Money is NOT wealth. The true measure of a country’s economic progress is it’s real GDP. Pumping millions of dollars in to the system will cause severe hyperinflation (take note of the cases of Germany and Hungary). This is because money is not backed by real assets (gold or silver) and hence there is huge debasement of the currency.

    In other words, money will NOT increase the amount of cars, toys, food, and other products and services produced in an economy. These are the REAL things that raise the standard of living, not money.

    Let’s think of an example. Suppose I sell soap at $2 a piece. Suddenly, everyone had a million dollars to buy my soap. Wouldn’t I raise my prices to maintain my profit? Otherwise, I would be sold out of soap by the first customer I see. Other sellers would raise prices so I need to raise too in order to maintain a living.

    2. Price Controls are never good (I will post an article on my blog about that, please do check it out when I post it.) Imposing a price ceiling does NOT mean that everyone gets what they want at lower prices, it means that some people get what they want at local prices. The market is supposed to set the price where the sellers equal the buyers. If you do not allow the market to adjust, you will leave a shortage on everything.

    3. Think of the logistical nightmares of sending checks to every American citizen, all the people who you need to check is alive, plus transporting all that money around (though it would probably be rendered worthless by inflation already).

    Ignoring supply and demand is a dangerous thing. And yes, I did spill my drink. 😀

    Sothos

    June 8, 2010 at 3:51 PM

    • Sothos,
      I appreciate you taking the time to visit my blog and comment on my “One Million Dollars For Each American” article. Readers on blogcatalog have also taken the opportunity to express their opinions in comments and discussion.

      My proposal is intended to challenge the “traditional” fundamentals of economics.

      I realize the Warren Economic Recovery Plan raises eyebrows, when you suggest the U.S. Government mail One Million Dollar checks to citizens from ages 21 to 100.

      I believe I can answer the points of your comments. In the area of rationale and logic, “Money is NOT wealth; however, inflation, recession and depression are words and conditions that bypass the logic of the brain and go straight to the emotions.

      The Stock Market Crash of 1929 detonated The Great Depression and sent Americans running to the banks before they failed. President Roosevelt had to declare a “Bank Holiday” and close banks until the hysteria died down. If you will check the BBC News in the days of the economic panic of October 2007, there was a couple of stories of either the British or Canadian government trying to calm down people outside of the banks and convince them not to withdraw their money.

      There is nothing rationale about the money in your wallet turning to dust.

      Sothos, your point is :”The true measure of a country’s economic progress is it’s real GDP. Pumping millions of dollars in to the system will cause severe hyperinflation (take note of the cases of Germany and Hungary)”

      I remember a picture of a German citizen, in a history book, with a wheelbarrow at the end of World War I rolling it into a store in an attempt to buy something like a carton of eggs. Germany’s economic state at the end of World War I is usually pointed to as one of the reasons why it was easy for Adolph Hitler to come to power and start World War II.

      The German people felt the world had shafted them at the end of the war in terms of the peace agreement. Like it or not, one old belief is “War Is Good For The Economy.” People get jobs building ships, planes, bombs and bullets. It is an ironic way to stimulate the economy.

      Sothos, you explain: “This is because money is not backed by real assets (gold or silver) and hence there is huge debasement of the currency” That may have been the case in Germany at the end of World War I.

      Thanks to FDR, in a manner of speaking, American currency is “backed by real assets of gold.” When the president took the United States off the Gold Standard, he encouraged Americans to turn in gold that was melted down into gold bricks and shipped to Fort Knox, “America’s Vault.” The beauty of that decision is that basically green strips of American paper are backed – directly or indirectly – by American gold.

      Sothos, you elaborate: “ In other words, money will NOT increase the amount of cars, toys, food, and other products and services produced in an economy. These are the REAL things that raise the standard of living, not money.”

      My contention is Economic Policy can be formulated in banks and government “think tanks,” but, once “the rubber meets the road,” then, the theory has to live in the Real World.

      Money provides the means of creation to “buy” the REAL Things like food, cars, electronics, real estate, etc. America is a nation with a “Shopaholic” culture. We are addicted to credit, have a fixation on credit cards, and the overall purchasing power of money to buy goods and services. “Cold, hard cash in hand,” or the knowledge of the electronic digits assigned to our accounts, would drive sales up and, thus, the DEMAND for products will bring an increase in the SUPPLY.

      Sothos, you cite “an example. Suppose I sell soap at $2 a piece. Suddenly, everyone had a million dollars to buy my soap. Wouldn’t I raise my prices to maintain my profit? Otherwise, I would be sold out of soap by the first customer I see. Other sellers would raise prices so I need to raise too in order to maintain a living.

      America is a “Consumer” culture. We love to buy. But, there is a limit to price. If an item seems too high, Americans will clip coupons, shop around for another seller or go without the item. If the bar of soap, in your example, goes up to a ridiculous price of say $55, then, you can go to your warehouse and “take a lot of baths” because you will be out of business.

      Seriously, I know that you are pointing out that “Prices Would Shoot Through The Roof,” but one of the responsibilities of government is to maintain the public order. Human Nature shows some people always “cash in” on people’s suffering.

      Like it or not, a Government Mandated Price Freeze would “keep the snake oil salesmen of opportunity” from “stealing people blind.”

      You make the point: “ Price Controls are never good (I will post an article on my blog about that, please do check it out when I post it.) Imposing a price ceiling does NOT mean that everyone gets what they want at lower prices, it means that some people get what they want at local prices. The market is supposed to set the price where the sellers equal the buyers. If you do not allow the market to adjust, you will leave a shortage on everything.”

      All my life I have also heard the concepts of “Free Enterprise” and “Capitalism.” Time and again, I have heard American businesses whine about “Price Controls.”

      Throughout my military career, Uncle Sam would give us the “Cost of Living Increase.” Landlords and grocers in the United States and Overseas, knew when the increase was coming so they always “jacked up” the prices even before the check got to the mailbox.

      If there had been some kind of control in place, then, the enhanced purchasing power of our checks would not have been “castrated” before the checks could be cashed.

      No doubt, businesses would not like Government Mandated Price Controls on products and services designated at “essentials,” such as rent, groceries and health care.

      However, during World War II citizens were issued ration cards for sugar, cigarettes, gasoline, oil, coffee and other substances.

      These items were in short supply. People could trade these cards like kids trading baseball cards to get the goods they needed to survive. The program wasn’t popular at the “grass roots”, but people got what they needed and the war effort pushed to a successful conclusion.

      My proposal isn’t as drastic as “ration cards;” and I don’t believe “breadlines” would erupt by returning money to the American taxpayers.

      My proposal simply says for 24 months American landlords, grocers and hospitals can’t “go nuts” overcharging for goods and services.

      Would you pay $1,000 for an aspirin ?

      Sothos, you point out: “Think of the logistical nightmares of sending checks to every American citizen, all the people who you need to check is alive, plus transporting all that money around (though it would probably be rendered worthless by inflation already).”

      After World War II, I have no doubt the United States Government has logistics down to a fine art and science. Uncle Sam has made a “big push” for the direct deposit of government checks beginning in the 1970s, so John Herbert Dillinger Jr and his gang will not be “knocking over” any U.S. mail trucks.

      The Internal Revenue Service collects taxes from every eligible American every April 15, thus, they already have a database of American taxpayers.

      The Social Security Administration maintains the database of information on disabled Americans and those eligible to retire, i.e., senior citizens. The U.S. Census for 2010 is approaching the final days of collecting the information for this decade, so they can provide the total number of Americans between ages 21 to 100.

      Despite the belief of TV shows and movies, people in U.S. Government agencies “do talk to one another” in the course of carrying out their official duties. Thus, the census data gives the U.S. Department of the Treasury the overall number of Americans who are eligible. The IRS can provide the addresses to mail the checks to. The SSA can confirm the age data, which can also be cross checked with the census.

      Transportation shouldn’t be an issue because you tap in the digits and they move through cyberspace. In the Real World, I’m certain the Department of the Treasury and the Federal Reserve mints already have a host of contingency plans for the movement of currency.

      Even, Dead Americans wouldn’t be a problem for the U.S. Government. If the check goes to the account of a deceased; it has to be returned to Uncle. If one of the heirs cash it and gets caught, then, they run the risk of being Uncle Sam’s guest at one of his prison establishments.

      Here, the “burden of proof” rests not with Uncle Sam to prove a 100-year-old American is still “sucking air,” but with the accussed heirs. Newspaper obituaries tend to get uploaded quickly these days to various state and ancestor databases, so it is easy to determine if Silas McGreedy, age 100, is still inhailing and exhailing on a specific date.

      Sothos, your final contention is : “Ignoring supply and demand is a dangerous thing.”

      The concept of “Supply and Demand” seems to be a favorite phrase that gets kicked around like, “Free Enterprise,” and “Capitalism.” For several hundred years, the belief in the world being square, kept sailors from sailing too far, lest they sail off the edge of the world.

      In the 21st Century, we know the great sea serpents of the Atlantic and Pacific are seismic shocks that indicate tsunamis and rising volcanoes. Perhaps, the time has come to look at “Ancient Economic Theory And Fairy Tales” in a new light. The ideologies might have taken into account Human Nature, but they probably ignored the consistent anger of Mother Nature.

      During The Great Depression, one million tons of topsoil blew into the Atlantic Ocean. Today, we implement erosion practices, but natural disasters still occur.

      Almost every year, out west, there will be a brush fire that will lay waste to thousands of acres of land, usually from Nevada to California. While the U.S. Forest Service does their best to get out in front of the weather conditions; Mother Nature isn’t always on board and the dry conditions can erupt into devastating forest fires.

      The Major Selling Point of the Warren Economic Recovery Plan is that it “returns money to the American taxpayer to pay their bills and prepare for the future.”

      Thus, Americans in New England can get ready for the inevitable blizzards that put New York City and Washington D.C., on ice, every few years.

      Americans, who live in the Everglades, would know if they need an air boat to hunt alligators or to take the kids to school. Americans in the Midwest, who still farm, would have the capital to finally build the “tornado shelter” or put an extra ton of “turkey litter” on the soil for their soybeans, corn or hay.

      Americans Out West could decide if they need more “fire insurance” or if they are ready to risk earthquakes and hurricanes and move to the beaches of California.

      God Love Her – the legendary Mississippi River loves to be America’s Wild Card. It seems whenever the U.S. Army Corps of Engineers lest expect it, the legendary river rises and proves from St. Louis, Missouri to New Orleans, Louisiana, she can still unleash flood waters that can change the face of surrounding communities overnight and people can only stare as pieces of homes wash out into the Gulf of Mexico.

      Whether an American buys an extra fire extinguisher or puts away the money for his kid’s education in the bank, the issue is that Americans get a say in the economic future of their families and their nation.

      The Monkey Is Finally Off Uncle Sam’s Back of Completely Managing The Economy and makes it a shared responsibility of the American “blue collar and white collar” taxpayers and their federal, state and local governments.

      Sam

      samwarren55

      June 9, 2010 at 7:26 AM

  2. […] recently read a blog post by Sam Warren on his plan to economic recovery dubbed “The Warren Economic Recovery Plan.” Please read it if you have the time, but the main gist of it is giving One Million Dollars […]

  3. If you want to buy an electric mobile cycle repair car today,
    battery can help you shed pounds, but not usually at the desired rate.

    Slip on the strap seal and tighten the strip to get rid of any grease
    sticking to the walls of the pipe. Let us take two vendors, which gives you the information you need to make your decision.
    london bike repair service Do sleep cycles affect your child Click here
    to find this unitSee slideshow below to view sample pages!
    . Gleacher amazing and the first people to try this were amazing.
    CauseOutlook PST by people of all ages. It’s already midway through April and believe it or not these are the first demos we’ve major electrical problems in the car.
    The bicycle was not originally the ability to ride a bike.

    http://www.abbeyparkhealth.co.uk/index.php/our-blog/entry/new-mri-study-sheds-light-on-how-acupuncture-works


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: