Of course. That's another reason this is a good idea since one of the main problems holding the economy back are households trying to deleverage. Relieve some of that debt pressure and the urgency to deleverage goes away. And this in turn frees up more disposable income to use in the economy.
My bet is that most of these folks who get a “get out debt free” card will just get back into debt in a very short amount of time. Giving someone a fish or teaching them to fish, which is better? Giving them a handout or making them work to get out of debt? Which is better?