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Blog: economic justice: priceless

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Added by madameape on 11 Mar 2009
From: disciplineforjustice.blogspot.com

Image courtesy Wicked. via Flickr
According to Discipline for Justice: "The most effective thing that North American Christians can do to work for peace and social justice is to examine and modify their own personal lifestyles."

Their latest blog, entitled "Yet another MasterCard commercial I'd like to see," examines the imbalance and injustice of the current economic system's priorities:

"As of March 2, amount spent by the US government on the bailout of failing financial corporations:

$2.1 trillion

Cost to give every US household a $500 voucher each month for an entire year to be spent on rent, mortgage, home improvements, furniture, property taxes, etc:

$696 billion

Total cost of the recently passed stimulus package:

$787 billion

Cost to give every American a $50 voucher for food each month for an entire year:

$180 billion

Total value of bonuses given on Wall Street in 2008:

$18 billion

Cost to give every American child under 18 a $200 voucher for preventative health care:

$14.4 billion

Estimated final cost of the financial bailouts:

$9 trillion

Amount of time for which all three voucher programs could be funded with that $9 trillion:

10 years (with $100 billion left over)

Realizing that we can help those who are hurting, reward those who have made good decisions, and stimulate the economy all at the same time:

Priceless"

Priceless, indeed.
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KenAPierce
on 11 Mar 2009
It does make one wonder if a more effective stimulus would have been to give household checks rather than dump down the rat-hole of failing banks and corporations.

Interesting that a republican administration was the one to do it in the past!