We have to get out of the hole of debt before we can think about stimulating the economy.
Exactly. Which is why we need to socialize the credit business.
The Fed needs to take over a big national bank and begin lending directly to the people and businesses; with salaries and assets secured as the collateral.
Want to stimulate the economy? Give me a loan at the fed prime rate to pay off my credit cards with my salary as the collateral. Same thing for home, student and auto loans.
