Preacher: ... all debts are forgotten ...
Guy 1 in background: About that five you owe me ...?
Guy 2 in background: It's forgotten.
-- "Sodom and Jubilee", Firesign Theatre, my dim memory thereof
I hadn't heard of that concept until hearing FT mention it. But
evidently, there is some precedent. And there's a "Jubilee" movement to
get Africa's debts forgiven.
So as the mortgage industry is beginning to fall down around our ears
(bad choice of place for us to stand, I say!) due to the "Sub-Prime"
scams and suchlike, perhaps it's time to talk about scrapping the whole
debtload ONE TIME ONLY (for this quarter-century, at least.)
After all, if all those financial institutions are about to tank ANYWAY,
why not make it a FUN moment?
(And no, I don't have a mortgage.)
--
* Radio Free Entropy: http://just-john.com/cn/rfe.shtml
* OUTLAW CHOCOLATE! http://just-john.com/outlaw_chocolate


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