500 Billion What Could America Do With $500 Billion?


Option #10: Use $19.25 billion GIC Interest per year to - have no hungry households, lessen crime and lower insurance.

By Jason Carlson of Bonneyville, Canada

No more hungry households, less crime, lower insurance
In 2004 the US has 13.4 million households that were considered "food insecure" meaning people often were missing meals due to insufficient resources. Of these 13.4 million households there were 13 million children going hungry all the time. We could of given each of these households $1437 in grocery gift certificates so those months that were tight they were not worrying about food. How can we expect people to get back on their feet if even just having basic food is a struggle and source of stress.

What are the side effects of this? If people no longer have the stress and humilation of not being able to feed their own families does the tempation for crime go down? How about the rate of domestic violence going down as many of these situations are caused by stress on finances. If crime goes down, policing costs go down as well as the cost of insurance. So does it not benefit every single american by making sure no one needs to stress about lack of food. Don't forget this is a yearly thing as we are only spending the interest of the 500 billion investment we made into the GIC so it is ongoing forever.

GIC Calculation:: A one year GIC at Ingdirect is currently paying 3.85% interest. If the 500,000,000,000 dollars was put into one of these GICs it would of generated 19.25 billion dollars just in interest in one year. So lets assume interest rates are holding (but we know they are going up), we could repeatedly reinvest the principle each year and just spend the yearly 19.25 billion interest earned.

 

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