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Jubilee

It’s Up To Us To Demand A Jubilee To Wipe The Debts Of The Masses

October 28, 2024 Braxton Brewington, Truthout. , , ,
Ahead of another fraught election cycle, 40 million Americans could see their “October surprise” approaching well in advance: a massive student loan bill. When the Biden-Harris administration resumed student debt payments in October 2023 after a nearly four-year pause, they implemented a one-year grace period. This “on ramp” would spare debtors of the harsh consequences of a missed or late payment — such as falling into default, hits to one’s credit, Social Security and wage garnishment or capitalized interest. A year later, those punitive measures have resumed, plunging debtors back into the throes of the student debt crisis.

July 4th, The Meaning Of Democracy

July 4, 2014 Howie Hawkins, www.howiehawkins.org , , ,
Because economic power translates into political power, the extreme concentration of wealth in the top 1% undermines democracy. Both main parties have colluded over the last four decades to transfer wealth to their super-rich donors, while ensuring that no meaningful reforms take place to our electoral system. The U.S. leads the industrial nations in income inequality because our electoral system is the least democratic. The sacred texts of Jews, Christians, and Muslims all call for a Jubilee every 50 years to redistribute wealth and forgive debts, not just for moral reasons, but to make the economy function again. America needs a Jubilee. The US electoral system of winner-takes-all leads to the domination by two parties, one center-right and the other far-right. The Democrats want to repeal the New Deal and the Republicans want to repeal the Enlightenment.

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