$1,000/person in the US is only $326B ignoring that minors likely won't get the money. The Federal Budget this year is 4.4 trillion. It isn't even 10% of the budget. I know you don't suck at math, whats up?
$1000 * 12 * 325,700,000 = $3,908,400,000,000
The US federal budget is ~$3,800,000,000,000 annually.
Seriously, Rama? You thought $12,000 a year to 325.7 million people was only 326 billion dollars? Then you accuse me of sucking at math? Whats up? Use your head, dude.
Anyway, I meant $1,000/month isn't going to change a lot of lives on an individual scale. It will certainly help alleviate under-employment, but that is the only major change I foresee. That and ten times the illegal immigrants.
$12,000 a year would change a lot of people's lives enormously. The median American income is $59,000. That means the median American gets a 20% increase in their yearly income. That would change our entire economy.