I had to write this because I truly believe this is an awesome idea.
Our government was trying to pass a 700 billion bailout to the financial institutions with taxpayer's money. I had a real hard time swallowing that one myself. Of course it didn't pass.
So why not go about it in a different way using less money. They tried doing this with the stimulus package and it did virtually nothing to stimulate the economy because it was in amounts that would absolutely stimulate nothing. So let's take it to a different level.
For example: Let's say there are 335 million people in the United States. Out of those 335 million they are approximately 280 million people between the ages of 18-60. If the government issues checks of 250 thousand to each and every one of them that is a taxpayer it would cost roughly about 75 billion dollars. If the government wants to use the taxpayer's money than I whole heartedly believe it should go to the taxpayer period. This would allow everyone to pay off debts and allow the taxpayers to spend also which would boost the economy. Now I know that a percentage will squander their share (still boosting the economy) and a percentage will hoard their share. But the majority will do what will be intended. The financial institutions would still benefit from this as well just not at the obscene level. My figures are just an estimate but let's say that the government gave out 500 thousand dollars it would still be only 150 billion. Still a hell of a lot lower than the 700 billion dollars. See where I am going with this? Now I understand many government officials would squint at this because of their greed. Reality check here people. They want to spend our money but not to the benefit of the taxpayer. I truly think we should contact our representatives and senators and urge them to push this forward. How many of you would benefit from having to get out from under your subprime and revolving loans? How many of you would love to be debt free and stay that way? How many of you would like to be secure in your jobs? How many of you would like to see the small business owner be able to stay in business? Our nation founded the government with the understanding and the drive to make sure that it was by the people, for the people and of the people! It is not that way anymore is it?