Some people would argue that the 700,000,000,000 bailout has done nothing but little to ease the problem of an average citizen. The banks and the average consumers who have received the infusion seem firm to hold on to the cash.

Since the outstanding credit card balances at the end of the year 2007 was 972 billion, what we could do is take the 972 billion pay off all outstanding credit card debt. By doing so, the economy will get I all back through increased spending opportunities, investing and new home purchases resulting to a stable debt-free economy. IT is actually a chain reaction, by paying out our remaining debts, companies likes department stores, credit card companies, and the banks can get a huge infusion of money (in cash) and they will be able to cut the collection of the budget. Consumers can now afford to live, spend and save as their money is not going straight to pay debts.