2% for 2 Years
Simple idea for economic stimulus: Pass a federal law that makes ALL consumer credit cards implement 2% interest rate across the board for 2 years. No loopholes, no company excluded. It will not hurt any company. No unfair competition. But all ordinary folk get a chance to pay off their debts.
Wednesday, July 6, 2011
Why not share this idea?
I don't know why this isn't the perfect idea for economic stimulus. The problem in this country is that we all owe too much and can't make use of our real income. This idea would give us a chance. If it didn't work for everyone, oh well. I bet a huge majority would take advantage of this if it were a nationally implemented and advertised campaign.
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