Apr 20 2009
I Want To Invest In America! The Movement
The Prosperity Mandate information only group has launched a national campaign calling for a sustainable and renewable national monetary policy. TPM is asking every citizen in America to tell President Obama: “I want to invest in America.”
I WANT TO INVEST IN AMERICA!
I want to invest in America. I want protection and incentives for my money. I want a FundAmerica plan. President Obama: I want to invest in America!
Faced with the dilemma of financing WWII President Franklin D. Roosevelt received adamant advice to raise taxes and introduce a forced savings program. Instead, FDR wisely followed the advice of Secretary of the Treasury Henry Morgentthau, JR., who working with Peter Odegard, a political scientist specialized in motivating masses (read propaganda) created the War Advertising Council. The result was a whopping $187.5 Billion ($2.5+ Trillion dollars adjusted for inflation into 2009 dollars) to fund the war effort. Just as important as the money, the War Bonds became a rallying cry for the public to express its patriotism, follow its iconic leaders’ calls for action, and allowed for 85 million Americans to actively participate in the War effort.
The threat to our country in 2009 is greater than in early 1940. Not only is our economic survival threatened, but, our survival as a species on this planet teeters on a dangerous fulcrum. Though it should come as no surprise, the Comptroller of the Untied Stares, David M. Walker, concluded in January 2008: “Current Fiscal Policy Is Unsustainable: The “Status Quo”is Not an Option: * We face large and growing structural deficits largely due to known demographic trends and rising health care costs. * GAO’s simulations show that balancing the budget in 2040 could require actions as large as: Cutting total federal spending by 60 percent or; Raising federal taxes to 2 times today’s level.” (see PDF doc on this). Sounds a lot like what FDR was being told.
You can help, send an email, fax, or call President Obama with this simple message: I WANT TO INVEST IN AMERICA!
NO MORE DEBT, BUDGET NEUTRAL, DO NOT RAISE TAXES , SUSTAINABLE AND RENEWABLE MONETARY POLICY… these are tough imperatives to address and still come up with a new source of $2.5 Trillion. But there is a way - The FundAmerica plan proposed by The Prosperity Mandate - and here is how it works:
Tax incentives will be passed to encourage the public to participate in the FundAmerica plan. The incentives are a 10% Tax Credit on the full amount deposited into a Fund America Program, plus interest earned is tax exempt; further the U.S. Government will guarantee the deposits against institutional failure. The plan calls for funding via purchase of 5 year Bank CDs that are then pledged as collateral for the bank to make FundAmerica authorized program loans. To become authorized, a program must demonstrate and be able to buy insurances a full “Pay Back” scenario, be it sale upon completion, through permanent long term financing, sale of future revenues, or other pay off structures.
The FundAmerica Depositor will be able to direct his funds to a menu of aggregated funds for specified qualified programs, such as, Infrastructure - Hi-Tech, Brick and Mortar, and Utilities, Urban Renewal, Job Training & Placement, Higher Education, Low Income Housing, Micro-Finance, Green Economy, Bio-Sphere and Medical R & D.
Up to $10,000 FundAmerica investors would participate in Master Limited Partnerships (MLP) that would aggregate and pass through the tax benefits. Over $10,000 FundAmerica investors can go to their local banks and open a FundAmerica Account. Reaching $2.5 Trillion will be easier than raising $185.7 Billion in 1944 as there is a far greater concentration of wealth, with 20% of Americans owning 85% of the Net Worth. Nowadays, you have to convince less people to move larger amounts of monies!
My next article will detail how this is Budget Neutral proposal, why people will want and NEED to participate, how the safeguards and risk management works, and how this funds liquidity in the economy and becomes sustainable and renewable national monetary policy. You can follow articles on Twitter at http://twitter.com/nealkatz
For full details on the FundAmerica plan you can visit http://www.theprosperitymandate.org
Send President Obama a message: I WANT TO INVEST IN AMERICA!
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