Dear President Bush
I've heard you're hoping to "stimulate the economy" by giving us all some money.
That's nice and all, but I have a better suggestion.
Please, declare the year 2007 to be a "Year of Jubilee."
This would mean the following:
- All debts accrued in 2007, outside of car loans and home mortgages, would be completely forgiven by all creditors.
The Federal Government would not directly pay off the debts, but would include legislation that would allow the creditors to deduct the missed payments from their 2008 taxes.
If this won't "fly," try suggestion that creditors send us all a statement of how much interest we paid on any debt in 2007 and let us, in the least, deduct that from our 2007 tax returns.
Either way, this would allow for we Americans to do our duty and get busy racking up more debt in the 2008 year.
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