Portland, OR (PRWEB) May 8, 2009
The Prosperity Mandate (a non-profit, information only group) has launched a national campaign calling for a sustainable and renewable national monetary policy. TPM is asking every citizen in America to tell President Obama: "I want to invest in America."
"The greatest resource and the greatest net worth in America is in US - the citizens." says TPM founder Neal Katz. "Collectively we hold more power and more money than even our government. It is time to tap our greatest reserves: Mr. Obama - I want to invest in America."
Faced with the dilemma of financing WWII President Franklin D. Roosevelt received adamant advice to raise taxes and introduce a forced savings program. Instead, FDR wisely followed the advice of Secretary of the Treasury Henry Morgentthau, JR., who working with Peter Odegard, a political scientist specialized in motivating masses (read propaganda) created the War Advertising Council.
The result was a whopping $187.5 Billion ($2.5+ Trillion dollars adjusted for inflation into 2009 dollars) to fund the war effort. Just as important as the money, the War Bonds became a rallying cry for the public to express its patriotism, follow its iconic leaders' calls for action, and allowed for 85 million Americans to actively participate in the War effort.
The threat to our country in 2009 is greater than in early 1940. Not only is our economic survival threatened, but, our survival as a species on this planet teeters on a dangerous fulcrum. Though it should come as no surprise, the former US Comptroller General, David M. Walker, concluded in January 2008: "Current fiscal policy is unsustainable: We face large and growing structural deficits largely due to known demographic trends and rising health care costs. Simulations show that balancing the budget in 2040 could require actions as large as: cutting total federal spending by 60 percent or; raising federal taxes to 2 times today's level."
A current day version of FDR's War Bonds, the FundAmerica plan as proposed by the Prosperity Mandate provides a new source of $2.5 Trillion and:
Here is how it works:
Tax incentives will be passed to encourage the public to participate in the FundAmerica plan. The incentives are a 10% Tax Credit on the full amount deposited into a Fund America Program, plus interest earned is tax exempt; further the U.S. Government will guarantee the deposits against institutional failure. The plan calls for funding via purchase of 5 year Bank CDs that are then pledged as collateral for the bank to make FundAmerica authorized program loans. To become authorized, a program must demonstrate and be able to buy insurances a full "Pay Back" scenario, be it sale upon completion, through permanent long term financing, sale of future revenues, or other pay off structures.
The FundAmerica Depositor will be able to direct his funds to a menu of aggregated funds for specified qualified programs, such as, Infrastructure - Hi-Tech, Brick and Mortar, and Utilities, Urban Renewal, Job Training & Placement, Higher Education, Low Income Housing, Micro-Finance, Green Economy, Bio-Sphere and Medical R & D.
Up to $10,000 FundAmerica investors would participate in Master Limited Partnerships (MLP) that would aggregate and pass through the tax benefits. Over $10,000 FundAmerica investors can go to their local banks and open a FundAmerica Account. Reaching $2.5 Trillion will be easier than raising $185.7 Billion in 1944 as there is a far greater concentration of wealth, with 20% of Americans owning 85% of the Net Worth.
Founder Neal Katz is asking for your help and support: "With incentives, transparency, and programmed simple and basic financial reality, this will be the dawning of a new sustainable economic era. Let's all tell the White House, 'I want to invest in America'."
To take action, visit http://www.theprosperitymandate.org and use the simple online form or letter to send this clear message to President Obama: 'I want to invest in America'