Creating Jobs I believe we need a Congressional Bill which would authorize the U.S. Treasury to guarantee the issue of a new Series SB Savings Bond in denominations from $25.00 to $50,000 bearing an appropriate rate of return over a 7 – 10 year period. The funds from the sale of these bonds would be used exclusively to fund small businesses, both new and existing entities. The amounts of the loans would be based on the number of new jobs created. For each new job a business creates they could borrow up to $50,000 at a rate of approximately 8.5% payable monthly over a five year period. All loans would be personally guaranteed by the signer and would be non-dischargeable in the event bankruptcy. The loans from start to finish would be administered by our nation’s current banking network for a fee of approximately 2.5%. The actual funds would be issued through the Small Business Administration in the form of a credit line. Although all the loans are personally guaranteed a small percentage is set aside to cover any bad loans. The program would allocate marketing dollars to make the public aware through the mass media that these bonds would be available at any FDIC bank and with the cooperation of our public schools a savings program can be created for all children from a $1.00 per week on up. Small businesses create jobs and small businesses become big businesses. Our economy depends on jobs to create revenue which in my opinion has a great deal more merit than raising taxes or cutting services. The economy is stimulated by employee spending, the government receives revenue from income taxes and the difference between interest pais and interest received. It is a win, win program for all concerned. In days of high unemployment there are millions of individual would be entrepreneurs ready and willing to start their own business and the only thing missing is the capital and their possible overall credit rating. Over the past few years we have seen unemployment and foreclosures reach an all time high as the majority of individual’s credit scores reach an all time low of under 600. In the mean time, we have seen the banks go in the opposite direction by modifying their lending practices to the point where very few individuals or businesses can no longer qualify a loan. If banks don’t loan we will see more and more of them go out of business. To offset this, most banks are raising interest rates and fees in order to compensate for the lack of new loans. For this reason these loans cannot be based on credit scores but on the merits of the business plan. --------------------------------------------------- Mr. Michaels is currently the CEO and founder of Avatar Airlines as, well as MiniCare both of which are expected to create 1,000’s of new jobs. Avatar Airlines is currently in the certification process and expects to be flying by early next year. It will utilize Boeing’s 747 aircraft equipped with 539 seats in economy class and 42 business class seats with everyday fares of $19 to $99, depending on the destination and time of purchase. Go to: www.avatarairlines.com MiniCare is a non-profit 501C3 created to establish low fee primary care clinics throughout the nation that will cater to the uninsured. The clinic fees will be set at $22 per office visit and a yearly membership fee of $5 per year will be charged each patient. The clinics will be open seven days a week with no appointment necessary and no insurance will be accepted, only cash or credit card. Go to: www.minicare.org .