If the Government did not have enough money to do something, they would not do it. Then, they would save money through their taxes to afford this service if they really wanted it.

The Government, whether under the control of Democrats or Republicans, do not seem to understand that America's presses actually print money based off of the gold in their possession and China isn't a fucking ATM.

Then again, this is a bureaucratic problem.

Assuming that people could balance their checkbooks in Capitol Hill, my idea would work.

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"I don't see any god up here." - Yuri Garagin aboard the Vostok 1

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It would also result in all low-level employees quitting their jobs, also, presumably. Why work as a hospital cleaner or on a till if you're a millionaire? Well, until inflation hit and a million meant nothing.

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Not only that, but I think that with the paying off of loans and debts and mortgages, the economy would crumble again, as all the organizations that profit from the interest rates, and from loans and debts would have no more income. I think the "progress" would be short lived.

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Life is pleasant. Death is peaceful.It's the transition
that's troublesome.   --Isaac Asimov

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Thank you for reading the first post and then neglecting the post right below it.

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If you massively change the idea in your OP mid-topic, you might want to edit the OP so people know what you're now talking about. You lose the problem of having everyone in the working and middle-classes simply retiring with your update - you still have the slightly unworkable problem of not just being able to print out all of this money and hope for the best - how are you going to "get" trillions of dollars? I think you're massively overestimating the top 3%'s tax contributions, I also don't think this contribution from the wealthiest is just "going spare" for fun experiments.

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- لورين

Love, all alike, no season knows nor clime,
Nor hours, days, months, which are the rags of time.

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There used to be something called budgeting.

If the Government did not have enough money to do something, they would not do it. Then, they would save money through their taxes to afford this service if they really wanted it.

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Wikipedia: The President's budget for 2010 totals $3.55 trillion. Percentages in parentheses indicate percentage change compared to 2009. This budget request is broken down by the following expenditures:  
* Mandatory spending: $2.184 trillion (-17.9%)
         o $695 billion (+4.9%) - Social Security
         o $453 billion (+6.6%) - Medicare
         o $290 billion (+12.0%) - Medicaid
         o $0 billion (-100%) - Troubled Asset Relief Program (TARP)
         o $0 billion (-100%) - Financial stabilization efforts
         o $11 billion (+275%) - Potential disaster costs
         o $571 billion (-15.2%) - Other mandatory programs
         o $164 billion (+18.0%) - Interest on National Debt

   * Discretionary spending: $1.368 trillion (+7.0%)

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You will notice 3.55 trillion is nowhere near the double digits. And that is the ENTIRE U.S. budget, which accounts for all of its receipts, including taxes. You are suggesting we could actually come up with an amount bigger than the U.S. budget to divide amongst the citizens? Obama has made some changes, particularly within Medicare, which can affect you, and Social Security, which affects you if you've ever actually worked for anything before acquiring success. There are no doubt those who feel very strongly about these issues, and would be extremely displeased if they were retracted. A possibly reasonable amount would be within the 1-500 range. Sure, 500 dollars would be cool, but even that's not likely. And I really just don't think it's a good idea with $11,523,473,531,768.61 in public debt. We literally owe the world 3.25 times the federal yearly budget. Including 61 CENTS. I can envision the hardcore foreign nationalists hoarding U.S. cash bonds just to see the economy suffer later.

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This is how we bleed in audio.

If everyone in america paid off all their debt the economy would collapse

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O` tru apothecary!
Thy drugs are quick.
Thus with a kiss I die.

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Epic fail? You call yourself an intellectual?

If that's the only defense you can come up with to protect your silly feel good ideologies, then you should take them elsewhere.

The money comes from the rich.

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a) No, Moridins right. you are a retard.

b) and moreover, you are a fraud, this is not your own idea.

evidence for both a and b can be found here:

http://www.snopes.com/politics/business/fixeconomy.asp

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The truth is what money can be made from a lie.