An Idea To Stimulate The Economy!!!

I have been thinking seriously about some steps that the Canadian Government could take to really stimulate the Economy, especially now that the Stock Market has gone through a real adjustment and the interest rates are low. Here's the idea that I would like to float...let Prime Minister Stephen Harper and Finance Minister Jim Flaherty know about it, although I have it on great authority that they read this blog every day....

Canadians are great savers and have, for years, been building their RRSP's. Those RRSP (Registered Retirement Savings Plan or 401K) accounts are making minimal interest and are not generating any movement whatsoever. What if the governement allowed each of us a one time $20,000 tax free withdrawal from our RRSP's/401k's to put back into the economy in the areas of renovations, housing, appliances, especially energy saving programs...or for that matter, anywhere...

The withdrawal would mean that thousands of dollars would circulate in the economy rather than sitting in RRSP accounts, money would be spent on furniture, appliances, cars, homes and sales taxes would be generated...

I floated the idea at dinner tonight and there was some good excitement. Everyone seems to have a little bit of those untouchable funds and sure could use access to some of it...

Call the Politicians and let them know of your support. Personally I think it is an easy solution to get the Economy moving...however, further ideas would be really appreciated and since Jim and Stevie are reading this blog, they will hear about your ideas too!

Reposted from: An Idea To Stimulate The Economy!!!