I have been mulling over the financial total of $700 billion dollars for months now like most of you have. It is as impossible for the human mind to grasp as how many light years the universe is from one end to the other. Steven Hawking might be able to wrap his mind around it but I can't.
What is more amazing is that this dollar amound never uttered at any point previously in modern history seems like it is being sucked into a black hole, again ask Steven Hawking to explaint that. I can't and no one else seems to be able to either.
I had a look online to see how many American cities have populations of a million or more and was surprised to learn it was only nine.
Here is a thought that makes too much sense to me for it to be workable or even considered by a federal government of any stripe. Put the money in municipal hands. The level of government closest to the Americans who own that 700 billion!
Give New York, Los Angeles, Houston, Phoenix, Chicago, Philadelphia, Dallas, San Diego and San Antonio who have populations of over one million people each 5 billion dollars. It will go a long way to help their infrastructure and much, much more.
Give the remaining US cities with populations between 500,000 and 999,999 each one billion dollars.
Ok where are we at? That's 52 Billion dollars. How would the face of Des Moines Iowa change if it had a billion dollars in its coffers? How many jobs could that one city create, how many industries could it encourage to locate there by giving them a ten year tax exemption that might cost a half million dollars (interest on the Billion will more than cover it).
What kind of municipal mortgage protection program could they install to protect the people in trouble with their homes. The help would be temporary because there will be hundreds if not thousands of new jobs generated from that billion the city has to work with. How many parks and seniors villages us aging Boomers will be needing shortly could they create? How many of their schools can they expand and rejuvenate and give the latest computers and books, healthy cafeterias, field trips? How many new police fire and emergency workers could they hire? How many anything can Des Moines generate with a billion dollars to work with? Or El Paso or Fargo or Detroit or Portland..............
And we still have only invested 52 Billion dollars. And the beauty is we know and can see where it went and can witness the results it is generating.
How about taking the remaining 646 billion and from that give every city town and village with a population of 100 thousand to 500 thousand anywhere from one to 10 million dollars. That will bring us up to around 100 billion. Take another hundred billion and build the worlds best and fastest high speed mass transit system between all major cities. LA to New york in 10 hours. Chicago to New York, Dallas to LA, Seattle to San Fran all within an hour or two. It will be the envy of the world for the next 50 years.
Take another 10 billion and give the country free high speed wireless internet and at the same time create the best online educational system available to every citizen with a computer to learn at their own pace. How much more productive will the entire US become? (Throw in another 20 billion for that) Ok now we have spent 230 billion.
Lets set up a venture capital fund for new business with another 100 billion dollars. That should help allot of people in a very real and hands on way.
Take another seventy billion and give it to charities. and now we are at 400 billion (fifty more than apparently has disappeared into the corporate void with no account so far)
Take the rest and set up the biggest and best scholarship fund the world has ever seen. Make sure the people hired to over see all of this earn a good living but don't have private jets and multibillion stock options, just modest six figure incomes!
Every last one of you is worth it, deserve it and should be demanding it of your congressman/woman. You have a new man in charge in a few days and from what I can see he is the genuine article. I am sure he would love to hear from each of you.