Baled Hay
Baled Hay

Maybe I’m just being thick or just something here.  Someone, please, explain this to me.  Our president was adamant that home owners needed to learn a lesson about the free market and that the government would not bail them out of bad mortgages.  A few weeks ago, $700 billion in bailouts for huge companies was also unthinkable.  As of last night, our president tried to convince us that bailing out these companies is a good idea.

And, it probably is – that’s not the point.  The point is that this seems a double standard.  I realize that every major bank closing its doors overnight is not a good thing.  Millions of people losing their homes is not good either.  After all of this, I’ve got one question and one idea.

The Question:

Assuming (at the time I’m writing this) a U.S. population of 305,248,844 of which there are 138,000,000 taxpayers.  Our government is about to spend $700,000,000,000 of our money.  I figure that’s about $5,072.46 a person.  Hey, what’s the worst that could happen if we passed that money out to the taxpayers?  A complete collapse of our financial institutions overnight?  HAHAhaha … um… ha?  <crickets chirping>

The Idea:

The big problem right now isn’t so much the bad mortgages, its that people aren’t paying their mortgages.  And, people aren’t paying their mortgages because they can’t afford the increased payments due to the higher interest rates from their adjustable rate mortgages.  My idea is give everyone with an ARM the option to freeze their interest rate at their introductory rate.


  • Mortgages and property taxes get paid.
  • Lawns get mowed.
  • Banks get paid back.


  • People get to live in houses they can’t really afford.  So what?  At least they’re mowing their lawn.
  • I’ve just invented the 90 year home loan.  Again, so what?  That loan will have to be paid off before its sold – and they will sell it.
  • Banks get paid back slower than they thought.  Its better than closing your doors, amiright WaMu?

Anyhow, I guess I’ll leave the economic policy up to the professionals.  (’cause, you know, they’ve been doing a bang up job).


Google has a saying, “launch early and iterate.”  Launch your idea, get feedback, make it better, keep doing it! As a friend of mine has delicately suggested, I’m no Google.  This doesn’t mean I can’t learn from Google, right?

Two of the calculators I’ve been developing are a commutation calculator (for pre-1/1/2003 injuries) and a retroactive benefits calculator.  I’ll discuss the commutation calculators more closer to their launch.

However, today is the day I’m publicly launching my Retroactive Benefits calculator!  Its fairly straight-forward.  You tell it the weekly rate, start date, end date, payment date, and an interest rate.  It tells you how many days, how much is due, how many days the benefit was delayed, and how much is due with interest.

Take a look, play around with it, let me know what you think.  Drop me a line or post a comment.