The US Treasury and the Federal Reserve have announced that they will be injecting an additional $800 billion into the US economy to jumpstart lending and cut consumer debt. The funds will become available Feb 2009. $200 billion of this money (coming from the Federal Reserve and the NY Fed) is aimed to at consumers who can use these loans towards their debt, including lines of credit, credit card loans, car loans and more. This is a good start to give people their bailout, instead of giving bailouts to mismanaged companies like GM. The money is really aimed to help kick start consumer spending. If people don’t have money and have no access to credit, then clearly consumer spending will decline and the economy will further weaken. The plan is expected to be expanded in late 2009 to include other debt including business debt. The only advice I can give you is that if your in debt, use any bailout from the government to pay down your debt, and don’t make unnecessary purchases because the truth is its only going to get worse before it gets any better.