Credit Cards

Tips, news, reviews, caveats, trends, updates and analysis related to consumer and business credit cards, and prepaid debit cards. From the interest rate specialists @

Wednesday, October 22, 2008

Economic Stimulus: Give Everyone A Prepaid Card with A 6-Month Expiration Date

Neeraj NigamNow here's an idea I can vote for. Neeraj Nigam, who is making a second run (he was a Republican, but is now running as an independent) for Virginia's 10TH Congressional District seat, had this to say about stimulating the U.S. economy:

"...Nigam opposes the so-called Wall Street bailout package passed by the U.S. Congress and supported by [incumbent U.S. Rep. Frank] Wolf. Instead, the federal government should give a $500 credit in the form of a prepaid credit card to every American and tell the public they have to use the money in six months.

'That would get money pumped into the economy and the economy would have to go up...'"
Full article can be found here.

Neeraj Nigam's election website can be found here.

Labels: ,

--> Privacy Policy <--



Anonymous Prepaid Credit Card MasterCard said...

This is a very good idea! Why does big business get all the bailouts... how about the American consumer like you mention.

Sunday, April 05, 2009 7:16:00 PM  

Post a Comment

<< Home


Entire Website © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.