Consumer Bill of Rights, Does one even Exist?
The Wall Street Bailout masked what is really wrong with economy. We need a consumer Bill of Rights, and we need one now.
#1 Full Income Tax Deduction for all renters yearly rent.
#2 Full Income Tax Deductions on Primary Home Mortgage (with a cap).
#3 Full Income Tax Deductions on all necessary medical expenses.
#4 Full Income Tax Deductions on all Insurance Premiums.
#5 Yearly Income Tax Deduction of $1,000 for food per person.
#6 Yearly Income Tax Deduction for Fuel.
#7 Yearly Income Tax Deduction for owning a car that gets 38 miles per gallon.
#8 Full deduction on all non investment interest debt once the debt is 4 years old.
#9 No change to the current Income Tax Tables,
#10. The addition of a true Alternative Minimum TOTAL Tax.
#11 Government Bailout to Wall Street primarily for U.S. industries that produce products and jobs in America.
If the above Consumer Bill of Rights were implemented, the U.S. Economy would rebound.
Are there any downsides? A possibly weakened international military presence and ironically, a rapid and large influx of immigrants who would want to live here.
If we continue on with a strong international military while our own country's insides rot out, one must ask just who does this benefit?
If we put the military to work inside of our own borders, doing things like dredging the Mississippi river and installing hydroelectric plants, or rebuilding our country's infrastructure of bridges and railways, our own economy will improve. I prefer a consumer bailout versus a Wall Street Bailout.