posted on Aug, 3 2011 @ 02:37 AM
reply to post by Ex_CT2
Actually, I was just talking about this with somebody today. The true answer to all of our problems lies in total debt amnesty. Think about it-
If they canceled all debt on a national and individual level
1) There would be no need to raise the debt cieling
2) There would be no need for mortgages or rent (as most houses are based on debt)
3) Car payments would go away
4) People's credit card debt would be eliminated.
Some people might say that wouldn't work because without debt how would we buy or pay for things? But, if everyone's debt was canceled, people would
have a surplus of money to support commerce moving forward for food, goods, etc, and no one would have to worry about making money to cover the bills
since most bills (mortgage/rent, car payments, cc payments) are based on debt.
The only one that would feel it would be the bankers and the people that have made their livings from debt and they've (as a group, not necessarily
individuals) have been screwing over the average person for too many years. Don't raise the debt ceiling, just cancel the debt all together, after
all, for the most part it is just numbers in a computer without any hard metal to back it up.