I am a female mechanical engineering student. Dean’s List student, even for Calc 3 and Dynamics. I have no co-signer for loans, so I am only eligible for enough to cover books and tuition. It’s taken me 5 years to complete 6 semesters because I run up my credit cards to pay for gas and food, and I can’t go back until I pay the balance down. My cards are currently completely maxed, and I fear that I am beginning to lose Calculus knowledge that I learned in 2005. My car is ready to break down at 130,000 miles, and my debt payments are $700 just for interest every month. I have been paying on and off between semesters and I still have $5000 to go before I even begin to pay the principal balance. I’m 25, live at home, and I bartend 50 hours a week. I want to design machines and energy systems that have a positive impact on our society, but I’m getting you HAMMERED and cleaning up after your party instead. I especially enjoy when people talk to me like an idiot because you got the wrong cheese on your burger. I know - I’m serving you dinner because I must be a stupid girl.
After a public pressure campaign through the Eviction Free Zone of Occupy Homes MN, Gayle Lindsey, a nursing assistant and grandmother in South Minneapolis, who was facing imminent eviction, has won a modification of her mortgage from M&T Bank. Her victory marks the seventh for Occupy Homes MN and the first in the Eviction Free Zone, a project that brings neighbors in the Central and Powderhorn neighborhoods together to refuse to leave their homes without a fair negotiation.
Lindsey, whose renegotiation came a month after her redemption period ended, is the first victory in “the Zone.” With the help of Occupy Homes MN, she organized a series of actions, community potlucks, and press appearances. Lindsey received a call, while sitting at her kitchen table, from an executive at M&T Bank. The bank offered to write her a new and affordable mortgage.
“It shows that Occupy Homes MN works,” she says. “I want to move on to more victories for the community.”
But in the United States, we find that no less than 62% of all bankruptcies involve medical debt. Of these people, three-quarters actually had medical insurance. So many drugs and procedures are not covered, and so high are the deductibles, that an insured person can easily find themselves unable to cover their medical bills. Two-thirds of working households do not have the resources to cover a $1000 emergency. One hour of a specialist doctor’s time can cost that alone.
Unfortunately, the Affordable Health Care Act (aka Obamacare) will not address most of these problems. It will certainly raise access—to expensive “under-insurance” plans with high deductibles and lots of out-of-pocket costs.
Strike Debt believes that health care that covers all a person’s needs is not a “Cadillac” plan but a human right. Such human rights should not be limited to top executives and members of Congress, who award themselves 100% health care coverage. No one should be driven into bankruptcy by an accident or an illness. In much of the developed world, these sentiments are just common sense. It’s a measure of how reactionary neo-liberalism has become in the United States that they are received here as radical.
“Life or Debt” is the choice we are offered. We refuse. Strike Debt. You are not a loan.
EDIT: Show's over – with enough raised to abolish over $5,000,000 of debt! Keep the Jubilee rolling: click here to donate!
Join Strike Debt for an updated version of an old classic, the telethon, to launch The Rolling Jubilee, a campaign that buys debt for pennies on the dollar and does away with it. Instead of collecting the debt, we will abolish it and help free the debtors!
People shouldn’t have to go into debt for an education, because they need medical care, or to put food on the table during hard times. We shouldn’t have to pay endless interest to the 1% for basic necessities. Big banks and corporations walk away from their debts and leave taxpayers to pick up the tab. It’s time for a bailout of the people, by the people.
It will be a wild night of music, comedy, magic, education, and the unexpected. This fast-moving variety show will mix well-known performers, intellectuals and activists from Strike Debt and Occupy Wall Street.
THE PEOPLE’S BAILOUT will feature music, comedy, education, magic, and the unexpected. Special guests include Janeane Garofalo, Lizz Winstead, Hari Kondabolu, David Rees, actor/director John Cameron Mitchell, Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe and Kyp Malone of TV on the Radio, Climbing Poetree, the Invisible Army of Defaulters, Holistic, Kool A.D. and Dapwell of Das Racist, The Music Tapes, Rude Mechanical Orchestra, members of Healthcare for the 99%, Occupy Faith, and many more.
$25 (abolishes an estimated $500 worth of debt)
$50 (abolishes an estimated $1000 worth of debt)
$100 (abolishes an estimated $2000 worth of debt)
$250 (abolishes an estimated $5000 worth of debt)
To the financial institutions of the world, we have only one thing to say: we owe you NOTHING!
To our friends, families, our communities, to humanity and to the natural world that makes our lives possible, we owe you everything.
To the people of the world, we say: join the resistance, you have nothing to lose but your debts.
On O13, in the larger context of the worlwide "globalnoise" mobilisation, and within the Global Week of Action against Debt, we will mobilise against debt in several cities of the world: Barcelona, Madrid, Mexico, Paris, New York, Rome…
The governments' response to the financial and economic crisis is the same everywhere: cuts in expenditure and austerity measures under the pretext of reducing deficits and the repayment of a public debt which is the direct outcome of decades of neoliberal policies. The same neoliberal policies that have plungered economic and natural resources and exploited human lifes in Latin America, Asia and Africa for decades, are now also being imposed on the people of Europe and North America.
Governments in the service of finance are using this pretext to further reduce social spending, lower wages and pensions, privatize public utility and goods, dismantle social benefits and deregulate labour laws, and increase taxes on the majority, while social and tax giveaways are generalized for the big companies and the highest income households, the rich, the 1%.
The campaign to subdue the world to public and private debt is a calculated attack on the very possibility of democracy. It is an assault on our homes, our families, our social services and benefits, our communities and on the planet’s fragile eco-systems—all of which are being destroyed by endless production to pay back creditors, who have done nothing to hog the wealth they demand we make for them.
Faced with such coordinated attacks on our social gains, resistance is getting organized around the world, there are national general strikes and the ‘indignados’ movements are increasingly active. In Iceland, the people refused to pay the Icesave debt to the UK and the Netherlands.