A new financial movement needs to be put into place.  What is meant by that?  Read and find the answer but only after addressing some questions.

What is a stimulus package?  What is a stimulus package supposed to do?  Who has benefitted from the stimulus package?

Due to the extreme financial hardship the economy is facing and continues to face, the stimulus package, approved by the President, was created to jumpstart the taxpayers’ ability to meet their financial needs.  But who did it really benefit?  You know the answer.  The financial institutions.  These very individuals, who created this dilemma, were given money from hard working taxpayers to bail them out.  In turn they chose to penalize those very taxpayers by continuing to foreclose on their properties, forcing them out of their homes and sending millions to debt collectors.

The result of this flagrant violation of a good deed?  Millions are unemployed.  Millions of homes remain vacant due to the poor housing economy.  Millions are without health insurance due to losing job-based health insurance.  Millions are collecting unemployment with that many already exhausting their unemployment and still no work on the horizon.  No means to pay their mortgage loans, car loans, utility bills, food bills, prescription drugs and healthcare bills, credit card bills and the list continues to grow.  Jobs available are minimum payment jobs, on call jobs or no jobs at all.

Do you see the snow ball effect?  The financial institutions are holding onto the government money, having approved less than 200,000 loan modifications while over 6 million are awaiting approval.  The CEOs, supervisors, managers live “high on the hill” with no intentions of feeling the financial plight of their customers “in the valley”.

Can these numbers be reversed?  If so, how?

PAY EVERY SINGLE TAXPAYER A FAIR SHARE OF the STIMULUS MONEY.  Sure…there should be accountability, but the economy would be back on track within months!  How?

Think about it…with every law abiding taxpayer receiving money from the government, they are now able to…

• Catch up on their mortgage payments.  No loan modification on hold.  No foreclosed homes.  No vacant homes and buildings succumbing to the elements
• Hospital and doctor bills owed returning to zero.  With the President’s healthcare bill, affordable insurance will be available to everyone.
• New jobs being created because money is flowing into the economy; consumer products are increasing and being paid for.
• Cars are no longer being repossessed because car/truck/ motor home payments are current.
• Utility bills and the threat of shut off no longer exists.
• Nobody will go to bed hungry unless by personal choice.
• Credit card bills are paid up to date and hopefully cards thrown away – pay by cash and decide what is needed and not what is wanted.

Now that is what a stimulus package is supposed to do!  Who will not benefit – debt collectors and the financial institutions that no longer gouge their customers for late payments and unfair interest rate hikes.  For the first time, they will know what a good night’s sleep really is.

That should be the taxpayer’s real definition of a stimulus package!

Update:  Bank of America will not have to pay taxes to the IRS for 2009 due to the numerous charge offs they had to initiate, primarily due to their lack of addressing their customers financial hardships.  Instead of charge offs, why didn’t Bank of America pay the “pennies on the dollar” to each customer they had to charge off instead of those sleazy debt collectors they referred their customers to?  Some of the money would have been  paid back.  After all isn’t something better than nothing at all?