Sunday, February 8, 2009

Shouldn't "they" just give us the bailout money?

Some say: If the government gave citizens the bailout money directly, we'd be able to pay off our mortgages

Beyond the Headlines: Unfortunately it isn't that simple. If a $1 Trillion dollar bailout were divided equally among the 138, 893,908 tax filers in 2007, each filer would get $7199.74 -- not enough to pay off most mortgages. The stimulus packages are supposed to increase credit availability, provide or protect jobs, and increase the cushion available for those in trouble. Making straight cash payouts wouldn't meet the same goals, although some cash is included.

Source

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