A proposal to jump-start the economy by creating significant, immediate CONSUMER demand for US-made products.Economic Stimulus and Job Creation Program for American Families and Individuals
Vehicle: “USA” Card, a Federally-issued, Individual Credit Card
For: Americans 21 years of age and up, regardless of income or credit history1
Credit Amount: $5,000 revolving credit
Interest rate: 5.00%
Restriction: Used to purchase only products 100% made in the United States
Funding: Possibly funded by Bonds, T-bills, or other funding sources, possibly similar to the auto industry TALF loan program. This credit will also be in the form of loans -- this time to individuals – to the American people – instead of to corporations. No different from the Detroit loans, the cards will provid