Based on the U.S. Census Bureau’s estimate of the current population of about 305 million people, each person would have to pay $2,300 to fund the $700,000,000,000. If each American (including children) paid a dollar a day, it would take more than six years to pay the money in full. One might argue, however, that this $700 billion would be a modest splash in the bucket of national debt, which already stands at well over $9 trillion (which means you already owe $31,642 each).

So why are we bailing out the same people that made these mistakes? President Bush gave all of us $600 bucks last year to “stimulate” the economy. Why not do that again? Why give the money to Wall Street fat cats that got greedy?

If I decided to expand ZipperFish.com, and hire 20 employees and open up a big office in L.A., that would be a risk. And it probably to pay off. I would need to borrow hundreds of thousands of dollars… and if I failed at this risky venture, I wouldn’t ask YOU to bail me out. Now what if the government FORCED you to bail me out? I don’t think you would feel to good about that.

I’m trying to understand why this bail-out needs to happen. If really smart people tell me it needs to happen, I don’t have much choice than to believe them. But it seems to me that if we need to inject more money into the marketplace, then why don’t we bail-out the American people intead of people that have annual salaries that range from $350,000-43 million dollars a year?

Here’s a simple plan that would bail-out banks, mortgage companies AND the American people, all while stimulating the economy and putting confidence back in Wall Street:

Every American gets $2,300. But there are RULES.

1. If you own a house, that $2,300 automatically goes to your mortgage. The banks must then work with home owners to get everyone a FIXED rate. If this means your mortgage goes from 20 years to 50, so be it.

2. If you have a student loan, that $2,300 goes to pay off your student loan.

3. If you have neither, you get the $2,300 dollars. You also get an extra $2,300 for every child you have under 18. Period.

Now you may be thinking to yourself… that means a lot of poor, uneducated people with no home & lots of kids get lots of money. You would be right. And why? Because these people would SPEND this money. Injecting that money directly back into the economy, thus stimulating it.

Congrats. We just saved millions of people from foreclosing, thus saving houses and the banks that loaned the money. We just rewarded those that pursue a higher education, and we just helped out those less fortunate all while stimulating the economy. Problem solved. Now was that so difficult?