re: #1003 lawhawk

In fact, it might be far better to demand that the fed work with banks to lower interest rates across the board without any need for refinancing rather than attempt to do so for those who are in the distressed category…

Right. In fact, you could go even simpler and just give an across-the-board, one-off payment to everyone, regardless of financial situation. I would support that kind of stimulus. The advantage, though, of concentrating such efforts on people in financial difficulty, is that they are more likely to spend their stimulus payment, thus generating more economic activity.

This is why cutting the food stamps program is a really bad idea.