Friday, December 23, 2011

Yahoo! It's Time For a Debt Jubilee

Here's my latest piece over at Yahoo! I am now a contributing writer there.


Nando said...

Good piece, Cryn. Student debt relief is certainly in order. My favorite excerpt:

"We live in extraordinary times that call for extraordinary measures. Band-aid policies do no good when slapped on tumorous issues."

By the way, I do not like the phrase "student debt forgiveness" - for obvious reasons. It connotes that the debtors have committed a sin, for which forgiveness is necessary.

I am not a fan of the term "student debt jubilee" either. It gives the impression of a party or celebration. Although, if Congress simply allowed all student loans to be dischargeable in bankruptcy, I would be dancing in the goddamn streets. That said, this language is an improvement.

It's a shame that we need "sexy" language, in order to grab attention to a cause. In my view, it is best to simply push for "Allowing student loans to be discharged in bankruptcy proceedings - which is the case with gambling debts, credit cards, and debts associated with big-ass shopping sprees, etc.

Keep the pressure on these pigs.

Anonymous said...


You are my Hero!

The light shining in the darkness.

Anonymous said...

Where is this trillion dollars supposed to come from? It has to come from somewhere. Are you proposing higher taxes or adding it to the deficit?

Anonymous said...

Where do you propose that the trillion dollars come from? Are you proposing higher taxes or adding it to the deficit?

Unknown said...