The enemy is the credit industry —  college lenders, medical collection agencies, and credit card companies.
The victims are American workers………who (as a group) are so deeply indebted  that they fear to strike or even to complain about working conditions.
Losing work would mean missing payments on their monthly bills — and that can bring 30% interest, harassment by collectors, losing one’s house, or losing health insurance and risking bankruptcy with every trip to the hospital.
 The American worker  should be getting free education, free health care, and rent subsidies as a matter of right.
Instead, we let millions of Americans go into debt for these necessities. The cost of education and of health care are being shifted to the workers themselves.
Young students have in effect a trillion-dollar deductible on their future prosperity.
The US government has recently been no help either:
    – The IRS taxes debt forgiveness, a monstrous policy;
    – The Department of Education actually makes money on student loan collections;
    – Liberal legislators supported the punitive 2005 Bankruptcy law.
America was a country founded for debtors. In some colonies almost two-thirds of the settlers had been in debt. In the 1840’s, people fled crushing debt by writing “G.T.T” (gone to Texas) on their abandoned homes.
 Today we need  radical solutions……. including income-based repayments, national usury laws, and outright debt forgiveness. 
The ‘Pay As You Earn” plans for college debt are a good start, and must be supported.
And at the same time, we need public funding for social goods in the first place!
The enclosed article has specific solutions for the most unconscionable forms of personal debt. 
The goal of the article is, in effect. to unionize debtors.
I look forward to any comments or criticisms. Of course, feel free to reprint this article.
Thank you,
Bob Hertz
Director, The Health Care Crusade


About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
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