Feb 16

Debit Cards Instead of Checks?

General 2 Comments »

Glenn Beck (who I have never heard of until this past week) has an idea to truly help stimulate the economy: Give Americans debit cards instead of rebate checks. You can read the whole ARTICLE which was posted on CNN’s web site earlier this week.

Basically he is saying that the money would be put back into the economy instead of stashed away in savings accounts or such. His reasoning comes from what happened with Hurricane Katrina.

After Hurricane Katrina, FEMA needed to get money to victims fast, so they tried something new. Instead of issuing checks, they issued $2,000 emergency debit cards for evacuees...

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