Home
In this issue
Nov. 6, 2009
Rabbi Berel Wein: Choosing to hear
JWisdom.com Zero to 1/60th: How to Empower An Hour with Gavriel Aryeh Sande (7 minutes)
Caroline B. Glick The mullahs' big week
Suzanne Fields A Fallen Wall for Fallen Man
Nov. 5, 2009
The Kosher Gourmet: Three scrumptious -- but simple -- butternut squash dishes
JWisdom.com Hidden Hints: Unlocking Faith & Prayer with Rabbi Jay Yaacov Schwartz (10 minutes)
Nov. 4, 2009
Tom Hamburger and Kim Geiger: Should prayers be covered?
JWisdom.com When God played peacemaker With Rabbi Sroy Levitansky (5 minutes)
Nov. 3, 2009
Martin Peretz: Beware, Barack. Beware, Rahm. Beware, Axelrod
JWisdom.com Are you are closet idolater? With Sara Yoheved Rigler (10 minutes)
Nov. 2, 2009
Paul Greenberg: The Holocaust is now on Facebook
JWisdom.com Abraham's Strange Change With Rabbi Yitzchok Fingerer (5 minutes)
Oct. 30, 2009
Rabbi David Aaron: Secret to Immortality
Caroline B. Glick Silencing dissent in America
Oct. 29, 2009
Lini S. Kadaba: Do tactics avert flu or reduce humanity?
JWisdom.com We Must Revamp our Religious Vocabulary With Gavriel Aryeh Sanders ( 10 minutes)
Oct. 28, 2009
Rabbi Yonason Goldson: Atheists in Bubbleland
JWisdom.com Why what we wear impacts who we are With Rabbis Mordechai Becher, Menachem Golberger and Aliza Bulow ( 10 minutes)
Oct. 27, 2009
Paul Greenberg: The United Nations Is Outraged Again, Or: Department of Mideast Static
JWisdom.com The Science of Love With Rabbi Jonathan Rietti ( 7 minutes)
Oct. 26, 2009
The Jewish Ethicist by Rabbi Dr. Asher Meir: Damaging disclosures with a twist
JWisdom.com Wisdom and Wonks With Rabbi Eytan Feiner ( 7 minutes)
Oct. 23, 2009
Rabbi David Aaron: Are you ready for the ultimate pleasure?
JWisdom.com Watermark and oneness with Rabbi Sroy Levitansky ( 4 minutes)
Caroline B. Glick Stop using limited powers in a way that expands our enemies' advantages over us
Oct. 22, 2009
Steven Emerson: Terror Cases Share Desire to Kill Americans
JWisdom.com No More More Family Fights --- Really? By Sarah Chana Radcliffe ( 5 minutes)
Oct. 21, 2009
Tonya Alanez: Holocaust denier sues survivor, calling Auschwitz memoir 'vicious lies'
JWisdom.com Meditating Jewishly: A Panacea for Success by Sarah Yoheved Rigler ( 7 minutes)
Oct. 20, 2009
Dennis Prager: Obama and Dalai Lama: Why Israel Worries about U.S. President
JWisdom.com Abraham was not religious By Rabbi Yitzchok Fingerer ( 6 minutes)
Oct. 19, 2009
JWisdom.comWhy Good People Do Bad Things By Rabbi Eytan Feiner ( 7 minutes)
Oct. 16, 2009
Rabbi Yonason Goldson: The Perfect Number
JWisdom.com Hearing Voices By Rabbi Sroy Levitansky ( 5 minutes)
Caroline B. Glick How Turkey was lost
Oct. 15, 2009
Jeff Jacoby: Peace vs. the 'peace process'
JWisdom.com: Former MTV producer and stand-up comedian Rabbi Lawrence Hajioff: Taming a Control Freak (A VERY fast 15 minutes)
Oct. 29, 2003
Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review January 30, 2009 / 5 Shevat 5769

A modest proposal

By Linda Chavez


Printer Friendly Version
Email this article

http://www.JewishWorldReview.com | House Democrats passed a nearly trillion-dollar so-called stimulus bill this week at the urging of President Obama, but the spending may do little or nothing to get this economy moving again. Not even the president can explain how giving more money to prevent sexually transmitted diseases or $50 million more to the National Endowment for the Arts will stimulate anything but a good laugh. Most of the money in the bill will take so much time to work its way into the real economy, it's unlikely it will shorten the current recession or keep people from losing their jobs. Much of it will simply fund the pork-barrel projects dear to the heart of members of Congress. And with Democrats in control of both Congress and the White House, there will be no check on profligate spending.


But if we're going to have a trillion-dollar stimulus, here's a modest proposal for a better way to do it. This approach would cost about the same as the Democrats' current plan, but it could put money into people's pockets in weeks, not years.


Why not give every man, woman, and child in the United States $3,000 to spend on pretty much anything they choose. The price tag would be about $900 billion, barely more than what is in the House package now. But unlike the Democrats' plan, which has government making the decision about how the money should be spent, people would get to decide for themselves.


There'd be no limits on who could receive the money — a rich man would get the same three grand that a poor woman or child received. The program isn't intended to redistribute wealth, but to infuse the economy with cash. The only rule that would apply is that the money would have to be spent within a certain period of time, say 18 months. In addition, most of the money would have to be spent on buying things: payment toward a new or used car, down payment on a home, some new appliances, home remodeling, clothes, electronics, or even a vacation. Hey, you could even use it to put solar panels on your roof or erect a windmill in your background if that's what you wanted. But only a portion of the money could go to paying down credit card or current mortgage debt — say, a third — and then only if the person was already two months in arrears in their payments.


In order to keep this cash distribution about as simple as possible but still allow the money to be tracked so that we know that people are actually buying stuff not hording the money in their bank accounts, the government would disperse it in the form of debit cards linked to the individual's Social Security number. The government could surely subcontract this out to one of the large credit card companies for a small administrative fee charged to the cardholder, similar to what some companies charge now for gift cards. And recipients would receive a statement that they would have to submit with their tax return within the time period to ensure they played by the rules.


The virtue of this plan would be that the market would allocate the money far more efficiently than any scheme government bureaucrats could come up with. A young family of four would suddenly have $12,000 that they could use toward a down payment on a home or a new car. Imagine how quick the inventory in depressed housing would dry up if suddenly young families had that kind of cash to put down on a home. And automobiles would go racing off the car lots.


Now, of course, all this cash could be inflationary — government spending usually is. And we know all those debit cards would be paid for with borrowed money — but so is Nancy Pelosi's "stimulus package." Nonetheless, the beauty would be that consumer spending would bring the country out of recession, create new private sector jobs and protect existing ones, and the government would get back at least a portion of what it gave away in taxes from people who were suddenly working instead of drawing unemployment compensation.


Sure, this is a radical proposal. But no more so than the boondoggle House Democrats just passed. If we're going to borrow a trillion dollars, I'd rather ordinary people got to make the decisions about where it's going to go, not Nancy Pelosi and Harry Reid.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Linda Chavez is President of the Center for Equal Opportunity. Her latest book is "Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics". (Click HERE to purchase. Sales help fund JWR.)

Linda Chavez Archives


© 2006, Creators Syndicate

Insight (Our Columnists)

 Arnold Ahlert
 Mitch Albom
 Michael Barone
  Dave Barry
 Tony Blankley
 Andy Borowitz
 David Broder
 Stratfor Briefing
 Mona Charen
 Linda Chavez
 Ann Coulter
 Greg Crosby
 Larry Elder
 Suzanne Fields
 John Fund
 Frank J. Gaffney
 Lloyd Garver
 Jonah Goldberg
 Julia Gorin
 Jonathan Gurwitz
 Paul Greenberg
 Lewis Grossberger
 Victor Davis Hanson
 Betsy Hart
 Nat Hentoff
 David Horowitz
 Laura Ingraham
 Cheri Jacobus
Jeff Jacoby
 Paul Johnson
 Jack Kelly
 Ed Koch
 Ch. Krauthammer
 Michael Ledeen
 John Leo
 David Limbaugh
 Kathryn Lopez
 Rich Lowry
 Michelle Malkin
 Jackie Mason
 Dick Morris
 Bill O'Reilly
 Jim Mullen
 Clarence Page
 Kathleen Parker
 Dennis Prager
 Wesley Pruden
 Tom Purcell
 Jonathan Rauch
 Celia Rivenbark
 Robert Robb
 Cokie & Steve Roberts
 Pat Sajak
 Debra J. Saunders
 Culture Shlock
 Roger Simon
 Michael Smerconish
 Thomas Sowell
 Mark Steyn
 John Stossel
 Cal Thomas
 Bob Tyrrell
 Diana West
 Dave Weinbaum
 George Will
 Walter Williams
 Byron York
 Mort Zuckerman

'Toons
 Robert Arial
 Chuck Asay
 Baloo
 Chip Bok
 Dry Bones
  Lisa Benson
 John Branch
 Gary Brookins
 John Cole
 J. D. Crowe
 John Deering
 Brian Duffy
 Everything's Relative
 Mallard Fillmore
 Jake Fuller
 Bob Gorrel
 Joe Heller
 David Hitch
 Jerry Holber
 Steve Kelley
 Jeff Koterba
 Dick Locher
 Chan Lowe
 Ranan R. Lurie
 Jimmy Margulies
 Rick McKee
 Michael Ramirez
 Kevin Siers
 Jeff Stahler
 Ed Stein
 Danna Summers
 John Trever
 Gary Varvel
 Kirk Walters

Lifestyles
 How 2
 Lori Borgman
 The Savvy Consumer
 Elder matters
 Fixit
 Dr. Peter Gott
 GET A JOB! by Marty Nemko
 Richard Lederer
 Tech Maven
 Every Monday Matters
 Nutrition Myths
 Bookmark These
 Bruce Williams
 How Stuff Works