Comment: Don't give money. Instead offer debt relief.

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Don't give money. Instead offer debt relief.

Each income-taxpaying American citizen would be given $100,000 in debt relief. Debts would be restricted to owed taxes ( Federal only ), credit cards, school loans, car loan for one car, and mortgages ( for primary residence only ).

By wiping out debt to the banks and mortgage companies which have already been given Federal aid, and debt owed to the Federal government, this would stimulate the economy and only harm those that have caused much of the economic problems thus far.