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Another Plan For The Economy

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The Tampa Tribune

Published: November 29, 2008

The government's plan to heal the economy by making more credit available to people who have already acted irresponsibly is an exercise in futility and stupidity.

The problem is too much credit. We as individuals and as a nation are already highly indebted. We need to normalize the situation.

The negative solution is to let the banks and businesses fail. Only the fittest would survive. The result would be a period of recession or depression with high unemployment.

Rather than letting buying power seek its own level, I offer the positive solution of increasing buying power to eliminate debt. This would be accomplished by increased employment and demand for goods and services. This requires public spending for long-needed national projects to upgrade our industry and infrastructure.

•Repair, improve or replace bridges and tunnels. The catastrophic failures of the last few years emphasize our neglect.

•Convert to hydrogen fuel. The technology is immediately available and less costly and more environmentally friendly than increased drilling and continued dependence on carbon-based fuels.

•Convert fully to the metric system. The investment in infrastructure and industry would result in new technology, equipment, machines, processes and applications to the extent that the U.S. would be the most high-tech industrialized nation in the world.

•Revive the 1930s plan to bring fresh water from Canada to the eastern and western United States. The project is necessary to solve the present and future needs for fresh water as south as Texas and Florida.

Imagine the buying power $750 billion invested in these projects would do for the economy and the nation as a whole.

JEROME E. RANDA

Titusville

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