America is definitely in a financial crisis.  No one will argue that for one moment, but who’s being hurt by this crisis seems to be the biggest argument.  Is it the average Joe the Plumber that earns a middle income as do 95% of the country or is it the rich institutions that profit millions and sometimes billions of dollars.

I would have to say that both parties have made some not so wise choices with their finances.  We live in a world where immediate gratification is the drug of choice.  The “I want it now” mentality has crippled our nation by the extensive use of credit to get the bigger homes, faster cars, and a host of other “doo dads” and was stated in book Rich Dad Poor Dad. 

Now the question is whom to bail out.  What action can we take now that will benefit America in the future for years to come.  We don’t want a band aid fix, but a real solution that works to heal the wound and prevents it from coming back to haunt us later.

Mr. Henry Paulson has recently changed his mind from using the bail out monies already voted for, from helping individual with really bad mortgages to giving more to the banks who aloud it to happen.  I myself do not think that is the greatest solution that we have.  I think we need to take a calculated look at how to remedy the problem.

The problem is that no one is spending money.  How do you solve that problem.  Some say give more stimulus checks.  I myself although would benefit from that choice do not think that is the cure for our situation.  Again I belive that to be just a band aid fix.  However my father, Calvin Lawshe suggested something to me that has stuck with me and I have contemplated quite awhile.  He suggested that the bail out monies go straight to the people with a stipulation that it be only used for home mortgages, credit card debt, and student loans.  Everyone would get the same amount maybe totaling $500,000.  They could only use it to pay of debt and then what was left would go back to the pool of money.

When I first heard it I thought, “no way” there is no way we would be able to cover that.  But then the figures check out if every tax paying person was forgiven there debts the entire 700 billion would not be needed.  This solution would increase the cash flow of average Americans to spend again.  We would begin to eat out more often, purchase more cars, clothes, etc.  This would be much better than another $600 stimulus check that went to most people’s debts in the first place.

I guess we’ll never know, because the rich will consistently steal from the uninformed until we stop them.  Knowledge is power, so gain all that you can.