He has proposed new legislation, which implores Congress to "cut the United States' true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt."
There are no co-sponsors for this bill.
I am looking forward to meeting with his higher ed aide next week. We'll certainly discuss this new proposal!
Source: H. Res. 365, GovTrack.us
Related Links
"Rep Hansen Clarke's Call for Loan Forgiveness," AEM (July 29, 2011)
"Rep. Hansen Clarke's Call for Loan Forgiveness," AEM (July 23, 2011)
"Rep. Hansen Clarke: Congress should cut and cap mortgages and forgive student loans to create jobs," AEM (July 20, 2011)
1 comment:
US millionaires have 46 trillion in wealth. These people need to be retroactively taxed for all the taxes that hey have skipped.
http://www.alternet.org/story/151999/meet_the_global_financial_elites_controlling_%2446_trillion_in_wealth/?page=1
According to an extensive study by auditing and financial advisory firm Deloitte, US millionaire households now have $38.6 trillion in wealth. On top of the $38.6 trillion this study reveals, they have an estimated $6.3 trillion hidden in offshore accounts.
In total, US millionaire households have at least $45.9 trillion in wealth, the majority of this wealth is held within the upper one-tenth of one percent of the population.
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