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

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.

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