This approach will drive the consumer to do what is necessary to immediately stimulate the economy. There really aren’t too many ways the government can mess this up. It will be up to us, US citizens, to spend the $3,000 prepaid credit cards to prime the pump, jump-start the economy and to get the cash cycle moving again. AFTER ALL, IT’S OUR MONEY!
Continued delays in stimulating the economy will result in continuing fear, lost jobs, and foreclosures. The basic SUN concept is simple, targeted, will yield swift results, and is less costly than the existing stimulus package, which many politicians and economists are already saying is not enough to do the job anyway, and admittedly will not work quickly.
One of the best features of this stimulus plan is that it involves minimal government action to implement. Authorize the spending, select the bank(s) to produce the Cards, and decide how to “activate” them, and send them out. No huge wasteful bureaucracy that slow things down, costs money and requires layer upon layer of oversight. Once the Cards are sent out, it’s up to US to spend them. EVERY adult will benefit equally, and each adult will have the privilege of priming the pump and jump-starting the economy to get Americans back to work NOW.
Why will the SUN Program work beyond 6-months?