Something like that; it is certainly not rocket science. First of all, we have to address the concerns of the skeptics, so the checks would have to be very modest in the beginning. Perhaps $100 or $25. That can be increased gradually as time goes on with increasing political acceptance. The infrastructure is already in place for the initial disbursements--the network for the existing entitlement programs and welfare programs, income tax refunds, etc. This was not the case in the early 1930s.
Perhaps not equally to everyone at first, but targeting certain recipients whose spending would have the greatest stimulative effect on the economy and immediate benefit to themselves. Again, the reason for specific targeting is to address concerns of the skeptics. The ultimate goal would be equality, of course. I should say sending checks out weekly is not unreasonably difficult. My gripe with Alaska is they send checks out only once a year. Bill ----original message---- Pretend my degree is in public policy and finance rather than in banking (which is in fact true). What actions happen on what date by whom to distribute the national credit? Let me venture a guess and you can tell me if I am correct. Sept 15: Federal Reserve estimates amount to be distributed to national credit account. Sept 22: Federal Reserve transfers funds to U.S. Treasury to write checks for national credit. Oct-Nov: U.S. Treasury issues cheques or direct deposits credit cheques to individuals. Cheques and deposits are the same for each citizen, regardless of income. Is this a likely scenario, or would payments be spread out throughout the year, lets say quarterly. How large would you estimate each cheque to be? $100? $1000? Give me a ballpark. Michael Bindner ____________________________________________________________ Get advanced SPAM filtering on Webmail or POP Mail ... Get Lycos Mail! http://login.mail.lycos.com/r/referral?aid=27005 --^---------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^----------------------------------------------------------------
