Paul Peter Jesop writes:
“My friends and I have been coddled long enough by a billionaire-friendly Congress,” said investor guru Warren E. Buffet. “It’s time for our government to get serious about shared sacrifice” in paying done the national debt. Spreading the sacrifice more equitably, however, doesn’t bring fairness to an inherently flawed system that more directly impacts the daily lives of ordinary people. Average Americans need a Jubilee Debt Year….Why are tax cuts for large corporations and very wealthy individuals considered good for the economy and not debt forgiveness and the capping and scaling back of interest rates? Would debt forgiveness and lower interest not enable and empower more individuals with choices and offer them a level of financial freedom never enjoyed before?
It shall signal the Year of Remission for you; and each of you shall return to his possession, and each of you shall return to his homeland (Leviticus 25:10 – inscription on the Liberty Bell in Philadelphia). “My friends and I have …
Publish Date: 08/24/2011 10:59