Per JubileeUSA.org, 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 JubileeUSA.org, 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 JubileeUSA.org 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
A possible "Last Resort Option” for ending the credit crisis and reinvigorating the economy should our politicians fail to act or their actions fail to work. In the event that the worst does happen, the financial systems crash, we have mass unemployment and bankruptcies, I propose we forgive all debt for individuals, corporations, and perhaps even the government. I invite all to participate through posting comments and casting your opinion poll votes. Be sure not to miss the last poll.
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