Monday, October 6, 2008

Did you know there is already a Jubilee Act Pending before Congress?

Per, the stated purpose is to “expand debt cancellation to impoverished countries that need it to fight poverty, promote responsible lending and require an audit of odious, illegal and onerous loans.” I am not affiliated with, but I do recommend their website. If you click on the title to this post, it will take you there. The Act has already passed the full house and one senate committee. Only one senator is blocking it from passing the full senate. So, The American Jubilee Bill isn’t as far fetched as you might believe. If we become an impoverished country, I vote the current Act be amended to include all American citizens. What do you think? If you have the time, visit and click on the “Truth About Debt” tab in the upper left hand corner, and then read “Why drop the debt?” Think about how those philosophies could be applied to America if the banking system does fail. Congress has already concluded that they are appropriate for other countries. Why couldn’t they approve them for us, the American people, if the banks have already failed?

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