Occupy Wall Street Activists Buy $15m Of Americans’ Personal De

[blazeingstar]

Blazeingstar, with regard to your comment about "Contrary to your belief I am not all about keeping the poor down." That belief does not exist.

 

I however was referring to debt in general and that allowing people to deal with it on their own isn't always the most Christian. It does not mean it is always the loving thing to take it from them, but sometimes it is when you have the opportunity. I simply wanted to make the point that Crosscut's post seemed like a generalization.

 

CrossCut did not say anything about fiscal/monitary policy.

 

Side note: Please stay on topic. Healthcare is another issue.

 

People are doing something that can help a few people. Maybe it's not perfect, but I think it's cool that someone is trying in a new way.

 

Seriously?  If you read the other thread you will see that Crosscut has specifically indicated that I am all about keeping poor people down.

[NotreDame]

People are doing something that can help a few people. Maybe it's not perfect, but I think it's cool that someone is trying in a new way.

 

Debt is a huge problem today permeating every aspect of society down to the foundations of the economy.  The Church might have been on to something by condemning usury:

 

http://www.newadvent.org/cathen/15235c.htm

[Slappo]

Then again, without usury I couldn't own a house or have a college degree. To a great extent usury actually helps the low/middle income be able to move up.

[Brother Adam]

Student debt will, more and more, be forgiven through IBR plans. You can pay nothing for 25 years on a student loan and have it forgiven under IBR rules depending on your income. While it will not be discharged in bankruptcy, you don't want to go there anyway. If you work for certain non-profits it ends up being 10 years. Even those with 200,000 in student loans will eventually get out from under the debt monkey one way or another.