My answer to the economic crisis

Not that I'm biased or anything but I think this would be a GREAT fix.

Dear Senator,

As our economic situation has been deteriorating over the last few months I have been reflecting on how to best solve this crisis. I have come up with an idea that would help both the economy, increase the number of individuals seeking higher education and give the loaning industry a substantial bailout they currently need.
If the Federal Government were to take the money proposed as part of the economic stimulus package and pay off outstanding student loans for higher education this would free up an exponential amount of money to be spent in the economy. If the stimulus package as proposed passes the only result will be the government's direct pumping of millions and trillions of dollars directly into the economy. This means that once the money is spent there is no more for the people at large to spend. If the government were to give money to the very rich, they do not need it, if they give it to the very poor once it is spent it will be gone. Instead they should give the bailout to students of higher education.
Students are a large population and student debt is a heavy burden that will accompany graduates for years and limit the amount of disposable income they have to spend. Graduates are more likely to have a better paying job but probably cannot afford to buy a house, car or furniture...Their current loans would probably keep them from making these substantial purchases for years to come.
Without substantial monthly loan payments students would be able to divert thousands of dollars that would be going to creditors already floundering because of poor economic decisions and restore faith in the stock market and economy at large. It would also help the housing market and create a large population of new home buyers eager to purchase one of the many vacant, brand new or foreclosed homes currently on the market.
I think this idea has merit and would appreciate your thoughts on the matter. Obviously, the indigent would not like this sort of spending; however, perhaps there could be a portion of the stimulus money set aside to fund education for the next few years and provide a greater incentive to get people out to school and get an education.
Thank you for all you do. I appreciate the work you do for us.

Sincerely,

Powell

(I'm waiting with baited breath to hear back from my Senator about her thoughts on this subject)