Give the money to legal U.S. residents

For the current administration to stimulate our economy correctly, the following suggestions/recommendations are given:

1. Forget about giving more money to banks, corporations, lending institutions, etc.  Instead, provide each and every legal American family with $1 million dollars, with the following stipulations and government controlled assistance:

(a) Up to one-half ($500,000) is to go toward the family home mortgage.  This will either eliminate any mortgage or reduce the principal amount owed enough to allow the family affordable monthly payments.

(b) The family’s credit card debts to be paid off, in full, out of the remaining $500,000.

(c)  All monies left after (a) and (b) above are completed, goes directly to the family. These remaining monies, in each family, will stimulate the economy. Automotive, manufacturing, banking, clothing, etc., and all companies associated, will become alive and vibrant once again.  Perhaps new businesses will start-up and the concept of the American dream will become more of a reality. Many products used in America, may once again be made in America.

In conclusion, giving more money to banks, etc., is not going to stimulate our economy (as previously seen by preceding stimulus packages). That’s backwards. Give it to the legal residents of this great country, and we will once again thrive.

MICHAEL HARMELIN

Sandpoint