Monday, September 6, 2010

Turn To The Rich For Spending

Part of President Obama's solution is correct: Money should be infused into the economy.

He is wrong, though, about who should be called on to spend the large sums of money. Uncle Sam is broke. The national debt, too, is a threat to the economy. So why try fixing the economy by threatening it further?

Let those who have the money be the spenders.

Ours is a nation full of billionaires, most of them being good, solid citizens. Many of them double as what we call philanthropists, giving large sums to charity.

I would think that for the asking, they would start a few new businesses. That, too, is injecting money into the economy -- and its letting those who have the money do the spending.

It's getting the rich to pay for the fix without taxing them.

It's letting the private enterprise system solve the problem instead of the government.

Let's appeal to our rich to be civic-minded in creating companies that may not necessarily turn a profit, companies geared not toward making money but providing jobs. Let's put a company at each pocket of unemployment, creating one for the beggars and panhandlers downtown, another for those on any Indian reservation where jobs are lacking, another for those on TANF (the common welfare program: Temporary Assistance for Needy Families), another for those on Unemployment Insurance, and another for those at the homeless shelters.

Let's take the jobs to the unemployed. Let's offer them jobs wherever we find them. Let's solve our economy by having those who have the money do the investing, on their own and without being taxed.

Government doesn't need to solve all our problems. We, as the people, can be the solution.

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