Jon Stewart's (The Daily Show) Economic Plan
That is give the money to people who owe it for the sole reason of paying their unpaid debt.
Then the banks will have money, mortgage companies will be OK and then they can start lending again. (I guess hopefully this time more wisely or better regulated)
The people who don't have any unpaid debt, meaning they are not behind in their payments, would get some money for the sole purpose of going out and buying something made in America.