There are 112 million households in the U.S. 650 billion dollars would provide for government secured small business loans to banks. For every household that makes less than $150K per year AND, either has or starts a business AND, from this date forward, continues to have that business for the next three years. This would provide a $5,800 loan that would only need to be paid back and paid back with interest if the owner doesnt stay in business for the next three years, OR if the owner files bankruptcy within the next three years. The loans/Grants would be backed by the federal government and instrumented through the existing banking system thus providing no risk to the banking system yet more than greasing the wheels of the credit machine. In addition, many will use some of the money to float part of their housing expense whether Rent or Mortgage, providing a cumulatively huge and nearly immediate ease on the housing and mortgage markets and systems. Over half of the entire tax revenue taken in by the U.S. Government is paid by less than 5% of the people. This means that as an average, if only 2 in 20 businesses succeed, the government sees a net gain in revenue over the 650 Billion dollar investment. Not to mention that many of the households would not qualify due to making over $150K/yr, and that the businesses that do not stay in business for the three year term are paid back with interest. Many will combine with many others to own one business providing large start-up capital that then provides jobs. In some cases, those jobs will be held by people not qualifying themselves for the Loan/Grant program. ie they are not the head of household in their household.

I agree, but a picture of a teabag would be safer and easier for many more people to do

There are 112 million households in the U.S. 650 billion dollars would provide for government secured small business loans to banks. For every household that makes less than $150K per year AND, either has or starts a business AND, from this date forward, continues to have that business for the next three years. This would provide a $5,800 loan that would only need to be paid back and paid back with interest if the owner doesn’t stay in business for the next three years, OR if the owner files bankruptcy within the next three years. The loans/Grants would be backed by the federal government and instrumented through the existing banking system thus providing no risk to the banking system yet more than greasing the wheels of the credit machine. In addition, many will use some of the money to float part of their housing expense whether Rent or Mortgage, providing a cumulatively huge and nearly immediate ease on the housing and mortgage markets and systems. Over half of the entire tax revenue taken in by the U.S. Government is paid by less than 5% of the people. This means that as an average, if only 2 in 20 businesses succeed, the government sees a net gain in revenue over the 650 Billion dollar investment. Not to mention that many of the households would not qualify due to making over $150K/yr, and that the businesses that do not stay in business for the three year term are paid back with interest. Many will combine with many others to “own” one business providing large start-up capital that then provides jobs. In some cases, those jobs will be held by people not qualifying themselves for the Loan/Grant program. ie they are not the head of household in their household.
I believe that this plan, if properly written would provide capital for businesses, capital for the housing and mortgage crisis, capital for job creation, grease the wheels of the credit machine, provide trust and hope in our entrepreneurial founded country and markets.