A non-profit organization dedicated to the eradication of all student loan debt through activism, education, and legislation;
because student loan debt is dangerous to the US economy and to the health and well-being of individual Americans and their families.
CRYN JOHANNSEN, Founder & Executive Director
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.
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.
5 comments:
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.
Cryn:
You are my Hero!
The light shining in the darkness.
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?
Where do you propose that the trillion dollars come from? Are you proposing higher taxes or adding it to the deficit?
fdsfsfd
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