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HUFFPOST SUPER USER
greenvicki
10:38 PM on 11/18/2012
Occupy Wall Street stepped up to the plate, and people are listening.We're not going to take it anymore. We may not agree on everything; but we do agree on this, the upper 1 percent need to get off their high horses. They're no better than any one of us. We don't trust them, so regulations are needed. They've gotten richer, while, the middle class dwindled. If there's enough to stash in tax havens, then there is enough to pay the service industry a fair salary with benefits. Corporate welfare is just plain greedy.
03:54 PM on 11/19/2012
OWS has had it's 15 minutes, the only place it has much of a presence is here , and not even much anymore.
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05:34 PM on 11/19/2012
In the past 4 1/2 days, OWS has raised enough money to cancel over $7 million in medical debts.

How many people have you helped in the last 5 days???
10:21 PM on 11/18/2012
I do not think the banks and government will allow people to get out of debt.
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GaPony
Chickenhawks only think they're heroes
11:26 PM on 11/18/2012
There's not much banks can do about it, except ruin your credit score. We don't have debtor prisons... though they could make a comeback. We do however have bankruptcy laws to offer some protection to debtors.
10:24 AM on 11/19/2012
Don't think for a second that all of those "privatized prisons" owned by corporations aren't considering just that. A lot of these prisons have programs for prisoners to work for manufacturers. The prisoners get about 23 cents an hour to build cabinets and patio furniture and make circuit boards, etc. It supposedly helps to rehabilitate offenders by teaching them a "trade" but what it really does is give the corporations a really cheap workforce where the taxpayer picks up the bill for "housing", medical costs, etc., and the corporations benefit. If we don't watch out, this will be the new job pool -- we will all be vying to get into prison because there won't be any other opportunity for us.
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bookreader451
it is 2014 not 1971 I stand with Wendy
06:35 AM on 11/19/2012
It is called bankruptcy and it is legal. You can dismiss everything except student loans.
Realist2011
beware false profits....
06:28 PM on 11/18/2012
So let me get this straight.

Here's a book that MAY have some ideas for people who have either a lousy, or no job. They have debts they can't pay because they can't earn enough money any more. Their healthcare costs are staggering IF they even decide to see a doctor.

So these people are supposed to care about credit scores?

How ludicrous. They're worried about eating, staying healthy and feeding their families.

Banks, Wall Street, you're going to lose a lot of money in the future because of debts that can't be repaid. You see, you CREATED this world. Please don't complain. This is what YOU wanted.

We are the only ones that even worry about paying our debts. The banks, Wall Street, companies like Bain that walk away with millions after loading companies up with debt, they don't worry about debt, to them it's just "business". Times up. You lose.

This is hilarious.
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Y3rMawm
veni, vidi, bibi.
03:49 AM on 11/19/2012
Banks, Wall Street, you're going to lose a lot of money in the future because of debts that can't be repaid....

Nope, they will just do as they did in '08. Extort it from taxpayers, using the guns of government, and the always popular Argument from Armageddon.
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04:15 PM on 11/18/2012
Morals? Responsibility? Ethical? If you think anyone has the right to judge someone on any of these grounds then you need to brush up on history.
Rubbergate 1992: When the House Bank went bye bye because so many members of the House were writing bad checks. So many bad checks that the bank had to close its doors. Funny if you look it up you can see many of the people that wrote the bad checks are still on the hill. If it’s ok for our politicians to walk away from their debt then don't talk to me about Morals or ethics... Walk a mile in some one else’s shoes before you condemn them.
I say do what you have to do.
Before you bash me, I have 500 buck on my credit card. I am current on my house payment and I have never been a day late. I pay my bills and taxes on time like a good lil sheep. Bhaaaaaaaa
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loki
cheap politicians for sale
06:53 PM on 11/18/2012
rubber gate was followed shortly after by Stampgate at the congressional post office where Congressmen launder Post Office money through stamps and postal vouchers.
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moutonnoir
iconoclastic demagoguery
04:08 PM on 11/18/2012
! Rolling Jubille Makes me Smile.... A huge Smile....
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03:42 PM on 11/18/2012
I wonder if the government got their copy yet?
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moutonnoir
iconoclastic demagoguery
04:08 PM on 11/18/2012
we all know it at this point: no one in charge in government takes time to read or write anything... they make decisions over bourbon, at the club...
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loki
cheap politicians for sale
06:54 PM on 11/18/2012
if they are in the government, they are not in charge but puppets to those who are in charge. So reading or not, doesnt really matter.
HUFFPOST SUPER USER
blackranger
01:11 PM on 11/19/2012
It is far worse than that, most of the legislation now is not written in any form by the congressmen, but by their "aides" who are most certainly prey for the lobbyists. Many of the bills presented have been written by the industry they claim to regulate. Pharmaceuticals are a prime example, they wrote the drug bill connected with medicare and that means there is no negotiating drug prices.
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HUFFPOST COMMUNITY MODERATOR
Callyson
I don't reply to tedious haters and trolls
03:08 PM on 11/18/2012
The best thing is to stay (or get) out of debt in the first place. The peace of mind is worth more than anything you can buy.

That said, for people who are in debt due to medical or other emergencies, this could be a good thing. Can't say I like the idea of people walking away from their debts, but I also don't like the idea that someone's financial future can be ruined because of a health issue. Plus, in a way this is payback for the abuses of the debt collection industry. But if you do read this book, be careful about which strategies you adopt--be very aware of their impact on your credit report and tax bill, for example.
HUFFPOST SUPER USER
blackranger
01:13 PM on 11/19/2012
Who cares about credit reports if you are not planning to use credit? I find that it is far easier to manage my money without credit. I know the few bills per month that have to be paid, and I just figure out how to make those payments with what I have. Savng up for larger purchases sure makes you chose carefully when you do buy something.
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HUFFPOST SUPER USER
Kevin Gregory Hannigan
Self-annointed political pundit
11:13 AM on 11/18/2012
We need an Occupy K Street!
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maxfax
Taa - dah!
09:30 PM on 11/18/2012
You bet we do.
12:27 AM on 11/19/2012
They would bring the riot police in a heart beat, but then again... reflecting on the Arab spring, maybe they should bring highly caffeinated and excitable law enforcement...
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mcmutter
A Groover has to expect a few setbacks .....
09:02 PM on 11/17/2012
hang a banker for Christ .... strike a blow for freedom ....
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moutonnoir
iconoclastic demagoguery
04:09 PM on 11/18/2012
next summer.....
jerry57
Conservatism is a philosophy based on amnesia.
08:57 PM on 11/17/2012
Hey, the right has their "never-pay-taxes" books and experts, I guess the left felt it was time to have their "never-pay-debt" book.
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moutonnoir
iconoclastic demagoguery
04:09 PM on 11/18/2012
obviously you dont know what you are talking about.... rich people dont pay taxes. period. they are for the little people.
jerry57
Conservatism is a philosophy based on amnesia.
05:18 PM on 11/18/2012
You need to work on your delivery. It sucks.
HUFFPOST SUPER USER
ethelouise
06:12 PM on 11/18/2012
Why thank you - Leona Helmsley.
jerry57
Conservatism is a philosophy based on amnesia.
04:52 PM on 11/19/2012
This comment I made a couple of days ago has had the longest life of any comment I have ever made . . .  ti's like thrree days old and I keep getting faves. Thanks.
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HUFFPOST SUPER USER
fields4ever
Can we all get along?
08:53 PM on 11/17/2012
I love this - just donated at http://rollingjubilee.org/ $1 from me = $20 of debt lifted - and they are buying mostly medical debt, owed by patients and their families who couldn't pay their bills. If you have ever seen a hospital bill, you will know why so many cannot fully pay them and why families go bankrupt and lose their homes after a catastrophic illness. A few days in the hospital - if you are uninsured - can lead to a bill of more than $100,000 if surgery, intensive care, etc was involved.
01:07 PM on 11/18/2012
Assuming the person whose debt gets relinquished is in the 15% tax bracket you just created $3 in taxable income.
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HUFFPOST COMMUNITY MODERATOR
Callyson
I don't reply to tedious haters and trolls
02:57 PM on 11/18/2012
That's better than $20 in debt (if the person can pay) or a ruined credit rating and/or bankruptcy (if the person can't pay.)
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moutonnoir
iconoclastic demagoguery
04:10 PM on 11/18/2012
right... and then $3 incopme tax on that might be $1.... so a person who owed, for instance, $20,000 will now owe roughly $1,000

What is bad about this?
05:44 PM on 11/18/2012
F&F fields4ever- not only can someone end up with a huge debt, but in some states if they are unable to pay it they can end up in prison (who would have ever thought that debtors prisons would arise in this country)!
HUFFPOST SUPER USER
ethelouise
06:18 PM on 11/18/2012
Law firms that cannot make money by chasing ambulances. Really. The firms that do this are law firms that go into business by calling themselves debt collectors, they can put you in jail for the amount owed (with interest of course) and the bail amount is the exact amount of the debt. Even if the debt was a 'mistake' it cannot be refunded.
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mootown
Respect my existence or expect my resistance
07:19 AM on 11/19/2012
Baggers in my sister's area are agitating for poorhouses and poor farms again. The air between the ears of these baggers is extremely fetid and wormy.
Linda from Deerfield
Paying attention
07:52 PM on 11/17/2012
I thought that this awful personal debt crisis would not implode until tons of baby boomers start dying deep in debt, after their best-laid plans have failed them, with a lot of help from bankers (unless Republicans find a way to keep death and negative net worth from discharging debt).
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KeithTexas
Gone from Huff Post
09:23 AM on 11/18/2012
The banks are working on that.
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moutonnoir
iconoclastic demagoguery
04:12 PM on 11/18/2012
they are coddling the boomers through so far........ threatening the rest of us (under 40) outright with loosing our SS contributions.......

Meanwhile 47% of our entire yearly tax bill is effectively SS - a regressive tax aimed only at the working poor and middle class - the rich basically refuse to pay it - yet it is almost 50% of our tax bill each year as a nation - and they basically say "that money will be missing - sorry!"
Linda from Deerfield
Paying attention
04:51 PM on 11/18/2012
They did a great job of scaring us baby boomers as well. We had to pay more for SS to save it, and higher income taxes to eliminate the deficit, and I was ok with that, but I don't think I can ever forgive Republicans for waltzing into power and essentially giving all our extra tax monies to the rich, while doubling the national debt. I believe Bill Richardson's SS calculations are correct -- they show everything would have been fine with SS if only wages had stayed even with inflation, but they started failing after Clinton. I'm so sorry -- I'm all talk and sympathy, but have no real answers.
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Ostapuk Ivano1
5 year educator in NYC
06:01 PM on 11/17/2012
How do I get out of student loan debt. I am sick of white corporates holding me down via student loan debt that is not dischargeable.
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KeithTexas
Gone from Huff Post
09:26 AM on 11/18/2012
Not only was your education not worth what you paid for it. The Thieves and Scoundrels in Congress made sure you couldn't discharge the debt no matter how bad your life got.
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Ostapuk Ivano1
5 year educator in NYC
09:54 AM on 11/18/2012
Yes, and I am sure it was a bipartisan decision too. All decisions to fleece the people are bipartisan!
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moutonnoir
iconoclastic demagoguery
04:14 PM on 11/18/2012
what do you know about anything at all? do you even think before talking?

I personally, even though I dropped out in senior year, have more than profited from my college EDUCATION.. And i went to basically ART SCHOOL - but now I am a business consultant providing desi

NEVER could have done it without the (partial, but almsot complete) college education..

I payed over 80K for my education..... it was a terrible price considering my college uses all the cash to buy real estate in an expensive market - but the experiences and EDUCATION I got really is allowing me to have a professional career... And i dont even lie about my degree...
02:00 PM on 11/18/2012
I guess you could use that ms degree, get a job and pay it off, no?
That is what you agreed when you took the money, didn't you?
Your parents must be so proud that they raised a person of honor and integrity
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Ostapuk Ivano1
5 year educator in NYC
04:32 PM on 11/18/2012
I am thinking of myself as a corporation. It is not a good strategic decision to repay as I could allocate the money to better vehicles. Think of it like when Morgan Stanley defaulted on a few hundred million of property in LA 2 years ago.
HUFFPOST SUPER USER
jakewestwn
How I long for the return of The Republic.
05:44 PM on 11/17/2012
Old Italy was warned about those dabbling in Credit and Debt, as was Spain and so and and so forth. It was even either declared sinful or illegal to borrow money in ways that hurt the community. Yet we let the same leeches into our boarders throughout history time and again.
They balked that Spain was a backwards people for not allowing credit services only Spain let those same people they ousted, back in.
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HUFFPOST SUPER USER
antonioarganda
Force always attracts men of low morality.
04:11 PM on 11/18/2012
Slogan on a Spanish protest banner: We didn't buy it so we're not paying for it!
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HUFFPOST SUPER USER
Dan Bunn
If ig*nor*ance is bliss, then I'm in trouble...
05:10 PM on 11/17/2012
The more OWS talks the less credibility they have.

Get an agenda or get off the stage.
You're looking and sounding foolish (sorry for that but you are).
Genders
Love, Tolerance, Enlightenment
09:55 PM on 11/17/2012
Yet big money folks walk away from debt all the time. and our banksters got bailed out. You conservative lose credibility every time you speak.
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HUFFPOST SUPER USER
Dan Bunn
If ig*nor*ance is bliss, then I'm in trouble...
10:50 PM on 11/17/2012
Genders..... THAT'S what I mean... I am an Independent... I have NO loyalties or affiliations with anyone.
ESPECIALLY the GOP.
(go read ANY of my posts).

So thank you... you have made my case for me.
05:50 PM on 11/18/2012
Genders- Donald Trump has had more than one bankruptcy and he is still out there mouthing off his foolishness! The tbag/reubs believe that paying off debt is for the little people!
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KeithTexas
Gone from Huff Post
09:27 AM on 11/18/2012
Working people deserve the same protections as every one else.
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HUFFPOST SUPER USER
Dan Bunn
If ig*nor*ance is bliss, then I'm in trouble...
12:04 PM on 11/18/2012
I didn't say that.... what I said is they are going about in all the wrong ways..... unless they are TRYING to sound foolish.