Forget Congress! Should citizens pay off debt $1 at a time?
Retired Army captain proposes plan
- Duration 3:51
- Date Dec 27, 2012
Retired Army captain proposes plan
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Amid all this fighting in Washington my next guest has a plan to fight the nation's debt and it doesn't rely congress at all.
It's -- -- wants to pay it off one dollar at a time the retired army captain and small business owner.
Joins me now now -- C.
I met in the green room over there have been in -- instead guys have -- it's unusual for two guys -- to make a ground -- of first time make up tiger your -- -- -- seven -- -- minutes eight minutes into the show big show and you weren't on the limo guy -- Green T shirt.
I am a little guy and listen and that's that's the beauty unit of this program Americans that you know even though what is the program let's get that out here is the program.
Honda program is I want to one dollar from every one of your paychecks that's it.
OK so there afford -- -- button for depth -- months in the year.
And so -- you get paid twice in a month come looking for eight dollars -- -- viewer can you do it okay well okay sure can you don't know I would answer that that.
So every working man woman and even on a monitor anyone working is gonna give you would are hopeful now give you to find a dollar perpich.
Down one dollar from paycheck that sit and we show you how to do it we show -- how to send.
Your eight bucks in a year or two with the bureau -- public dead in Parkersburg West Virginia okay.
So that's all of us as citizens so how many what do you think about Jordan twenty million citizens -- -- what does not only event I did some math on this subject I gotta tell you is there's a 153 million people in the workforce so so you do the math on that -- -- -- -- -- as a world.
What is the seven point 95 billion dollars a year everyone pays a dollar every.
Single week so that is so that's eight billion dollars just from the citizens now music -- must accompany so here's the beauty of it I mean is adept pasta company.
Four months -- a year if there are companies out there doing million plus transactions that are over ten dollars.
Per transaction all looking for is one -- -- me is a small company.
If I do a hundred transactions a month that -- that money together.
Now you're into the trillions you are hey -- good guys got your business owner you're euros let's -- a former service.
Person yes -- a love you for all that.
I hate you for taxing me more than I'm already -- and that's that's -- -- Eric here's the thing and what I want people not you know and I don't want people to get all excited about.
This fiscal cliff right.
And so he left right off and I've back and look at you know I think -- dollar out of every one of -- -- That's accident and I understand and and I would rather self impose a tax then be forced to do something right.
And therefore you're gonna you're gonna -- -- do it for me now it becomes muscle memory really and what you try it.
You're you're gonna you're gonna feel this tremendous.
Patriotism and you're -- it's just going to be -- you -- did you hear that lieutenant colonel represented say we don't have a tax -- -- don't have a revenue problem we have a spending problem and that's it just doesn't address the problems it's going on Washington that these guys are spending all our money -- that's the problem and again once we once you've been together companies and citizens were talking about -- so we have to stay focused on the -- game okay.
Listen we need we need additional receipts period that's a known right and it's gonna happen for a period of time.
Through it got so -- for through impose your business idea is we're gonna we're running out of time to your business guy right -- -- If you're taking -- a lot of money but spending more -- still taking in more money every year exactly how do we put the spending -- just understood this -- -- -- this good faith program that I started.
Is going to force our elected officials to do -- to war.
Will hit it at the top they did at the bottom the bottom meet somewhere in the middle three to five years we'll have our debt paid they Susie how much you put in how much have you -- you see the personally contribute to.
Or sixteen point 39 trillion dollar to -- around 500 bucks.
I'm gonna -- him anyway -- put my money where my mouth is and I can't wait till the next step lesson month joining got to leave it -- -- Susie thank you thank you are.