Retroactive Stimulus Idea
Jun 30 2009, 22:33 EDT [updated Jun 30 2009, 22:34 EDT]
The $800 billion stimulus package is slow to be spent. Estimates are that only 25% will be spent in 2009. As a retroactive idea why not just return all the money spent at the country's biggest oil producer and the country's biggest employer? Every bill forgiven, gratis (well, out of taxes). The total revenues - not profits, revenues - of Exxon Mobile and Walmart last year were $825 billion combined.
That was their revenues, but what about their profits? Those were $48 billion, combined (mostly Exxon). By contrast the current national healthcare proposals cost $100 billion a year (and only cover 1/3rd of the uninsured). You could take every dime (two dimes, if you think they're cheating) of profit out of these Big Corp Inc and it wouldn't pay for the "modest" proposals floating around congress.