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Would you agree to a world jubilee of all debt forgiveness at the same time, no bankers, CEOs get prosecuted?

everybody in every country starts with a clean slate, American businesses return to America, American troops return to the states, and all parties involved in the economic crisis adhere to regulations that prevent that from ever happening again and are not prosecuted for their misdeeds.

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  • ?
    Lv 7
    9 years ago
    Favorite Answer

    How do you "forgive debt"?

    Not to be mean, but do you really know what debt is?

    The US Government has SOLD me, and you and Millions of other Americans $15,000,000,000,000 worth of Treasury Bonds so that Congress can give us hand outs and pay for running the Country.

    Are you really for the US Government Saying "we are not paying you back the $15T we owe you"? That would be the same as the Government Taxing Every Man Woman and Child in the USA $50,000 each.

    I am just one example, I have save money my whole life for my retirement, a lot of it is in Treasury Bonds. My retirement would be gone, I'd need more Government Help to survive in my later years, and the Government would have to Sell MORE bonds to get the cash to help me survive.

    But would you buy bonds in the future if the USA says "NO we won't pay you back?"

    I think not.

    I appreciate your time and effort to come up with The Solution. I wish more people would think for themselves, ask questions and listen to different answers to come up with an intelligent outcome, like you have tried to do, instead of just repeating the Ranting and Raving of Chris Matthews and Rush Limbaugh.

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