A stimulus for the people and by the people
$1000 per month to each US household ...
in the form of zero interest loans from the Federal Reserve and provided directly to taxpayers as debit cards.
Yes, this would normally cause inflation - but inflation is the least of our problems.
These loans would essentially be a gift to US consumers to spend.
If the Government can provide financial entities
$350 Billion through TARP
$185 Billion in the Obama Stimulus Plan
$1 Trillion in the Fed's Term Asset Backed Securities Loan Facility
WITHOUT WORRYING ABOUT INFLATION...
Then why not directly try to stimulate spending by GIVING money to the people who SPEND IT:
we the people
?
$1000 per month for the 105 Million households comes to about $1 Trillion.
This is a stimulus that will quickly and directly make an impact.
KEEP EM COMIN
hotshotkittykat 2 years ago