General Discussion

AllyCat

(18,808 posts)

122. I think you missed the part about student loan debt and NOT FINDING A JOB!

Fri Nov 9, 2012, 08:30 PM

Nov 2012

So it builds character to be in debt up to your eyeballs and not be able to pay it back? Does it build character to have debt collectors calling you and your credit rating in the toilet so you don't get that job because they...check you credit record?

Are there freeloaders in society? Oh yeah. But most of us just want a decent job and to make good on our obligations. But in case you haven't noticed, it's hard to get a decent job. People often work full time or multiple part-time jobs and still have to decide between medicine and food on the table for their kids.

The system is stacked against us all. No one is saying "hey, I just want a free ride here". Everyone is worried about their family, their neighbors, and their community while the banksters run away with all the marbles to the Cayman Islands.

Why should a family be punished with no where to live or no food because of bad debt? People make bad decisions too. We all do. It should not hound us for the REST OF OUR EXISTENCE.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

164 replies

= new reply since forum marked as read

Highlight:

OWS to Buy, Forgive Distressed Consumer Debt [View all] bigtree Nov 2012 OP

I love it. Helps those in need and strips some of the power away from Live and Learn Nov 2012 #1

Thinking outside of the box like this Generic Other Nov 2012 #2

Where da recs? Leopolds Ghost Nov 2012 #3

Du rec. Nt xchrom Nov 2012 #4

Occupy is amazing! Cracklin Charlie Nov 2012 #5

Oh, that is AWESOME!!!!!! djean111 Nov 2012 #6

Way cool. 99Forever Nov 2012 #7

This needs to spread like Le Taz Hot Nov 2012 #8

K&R This is a model for success. Hopefully it will catch on and rich people will start funding it. Egalitarian Thug Nov 2012 #9

K&R Support OWS. woo me with science Nov 2012 #10

This sounds useful. randome Nov 2012 #11

Sort of like KIVA dixiegrrrrl Nov 2012 #83

HUGE. Kick!! navarth Nov 2012 #12

This will put the debt-collection thugs out of business - best idea ever. reformist2 Nov 2012 #13

rec! SammyWinstonJack Nov 2012 #14

I they forgive the debt, do the debtors have to pay income tax on the amount forgiven? djean111 Nov 2012 #15

"Canceled Debt � Is It Taxable or Not?" PoliticAverse Nov 2012 #25

Then don't cancel the debt. Sophiegirl Nov 2012 #42

Sounds like a good idea if possible. randome Nov 2012 #46

I think it'd have to be $1.00 at a minimum. TahitiNut Nov 2012 #106

We could revive Doc Holliday Nov 2012 #156

Quitclams and releases still employ that language, as far as I know. TahitiNut Nov 2012 #158

If they are smart, they would not do it AlexSatan Nov 2012 #159

It might be able to be structured as a gift. Ms. Toad Nov 2012 #48

<$10,000/year joeunderdog Nov 2012 #139

Please pass this on to: tavalon Nov 2012 #146

I really wish I could afford, well maybe DiverDave Nov 2012 #152

It isn't accurate information Ms. Toad Nov 2012 #163

It's not quite that simple Ms. Toad Nov 2012 #162

Canceled Debts.... for any of the following exceptions or exclusions are not taxable" dixiegrrrrl Nov 2012 #71

Wow. This is one of the best grassroots ideas I've heard in a very long time. distantearlywarning Nov 2012 #16

I would too, onethatcares Nov 2012 #18

http://rollingjubilee.org/ tavalon Nov 2012 #147

K&R. Publsihed to my Facebook network this a.m. One question: who decides coalition_unwilling Nov 2012 #17

excellent... handmade34 Nov 2012 #19

Good to see they're finally doing something worthwhile... SidDithers Nov 2012 #20

You might want to check out the amazing work they are doing -- Hell Hath No Fury Nov 2012 #55

+1! dchill Nov 2012 #65

Yep. Once again, the MSM lies spread far and wide to discredit progressives. Dark n Stormy Knight Nov 2012 #94

Don't mind Sid. Scootaloo Nov 2012 #143

. Luminous Animal Nov 2012 #109

Damn do-gooder liberals. UnrepentantLiberal Nov 2012 #128

Yo, Sid, tavalon Nov 2012 #148

K&R nt TBF Nov 2012 #21

That's an amazing idea. groundloop Nov 2012 #22

bump. silvershadow Nov 2012 #23

Donation link found! AllyCat Nov 2012 #24

by that calc, I just forgave $10,000 in debt! WHOOPEEE!!! Kip Humphrey Nov 2012 #53

Yeah! Wish I had that much to give, but think I'll AllyCat Nov 2012 #72

THANKS for finding/posting the link! dangerdoll Nov 2012 #63

! AllyCat Nov 2012 #73

Bookmarked Kaleva Nov 2012 #77

Kick! Thanks for posting this, AllyCat! calimary Nov 2012 #98

DAMN! That felt GOOD!! TahitiNut Nov 2012 #107

Excellent! Though I do wonder... Bibliovore Nov 2012 #130

This is a wonderful idea... one_voice Nov 2012 #133

Thanks! I love this idea! myrna minx Nov 2012 #155

The people of OWS are AWESOME! They are tenacious, caring, determined, smart and love this country judesedit Nov 2012 #26

Wow - that's perfect. Lucy Goosey Nov 2012 #27

Whoohoo! K&R! Fire Walk With Me Nov 2012 #28

OWS SamKnause Nov 2012 #29

Sounds good ... 1StrongBlackMan Nov 2012 #30

You can buy debt sometimes pennies on the dollar...... AnneD Nov 2012 #31

donation link above and at second OP embedded link. AllyCat Nov 2012 #33

I was just looking at it..... AnneD Nov 2012 #36

Oh, I didn't know about People's Bank. Not sure I have that kind of cash, but AllyCat Nov 2012 #37

"The People's bank"---Are you talking about the Lending Club? dixiegrrrrl Nov 2012 #84

And with this single action Downtown Hound Nov 2012 #32

Great heavenly days. What a tremendous idea!! efhmc Nov 2012 #34

This is incredible! liberalmuse Nov 2012 #35

Robin hood! how beautifully genius! robinlynne Nov 2012 #38

This is another earthshatteringly brilliant idea by OWS. K&R stevenleser Nov 2012 #39

It's neither 'earthshattering' nor 'brilliant'. It is, however, a 'great' idea. randome Nov 2012 #86

Your concern over my degree of enthusiasm is noted. stevenleser Nov 2012 #108

It is BOTH earthshattering & brilliant! LeftofObama Nov 2012 #117

It IS a fantastic idea, and I am very excited about it. stevenleser Nov 2012 #161

Hypberbole does not help dismiss the organizations you have always wanted to dismiss. sabrina 1 Nov 2012 #127

interesting heaven05 Nov 2012 #40

HUGE K & R !!! WillyT Nov 2012 #41

I have $500 Sophiegirl Nov 2012 #43

What a clever, incredible idea! Barack_America Nov 2012 #44

Love love love OWS, they are da bomb!! lark Nov 2012 #45

I think that's great. Possibly the most constructive thing I've heard from OWS. nt msanthrope Nov 2012 #47

They should do a big holiday push. Barack_America Nov 2012 #49

kick and rec! lunatica Nov 2012 #50

K&R Magoo48 Nov 2012 #51

So what would happen if a person bought their own debt for pennies on the dollar??? ret5hd Nov 2012 #52

This.... Buddyblazon Nov 2012 #54

You'll have to default on them (and trash your credit) first. Barack_America Nov 2012 #74

I paid off my student loan for 10 cents on the dollar. dixiegrrrrl Nov 2012 #85

Don't forget the system is rigged for the other side! airplaneman Nov 2012 #67

actual solutions to real problems... lame54 Nov 2012 #56

kick BillyJack Nov 2012 #57

Bravo! n/t ohheckyeah Nov 2012 #58

I don't get it demhottie Nov 2012 #59

Debt can be sold again and again -- Hell Hath No Fury Nov 2012 #60

Exactly - the benefit is you are no longer afraid to answer the phone. jwirr Nov 2012 #80

I can't even imagine... OneGrassRoot Nov 2012 #100

People will be able to move on with their lives. It's a big deal. reformist2 Nov 2012 #66

Don't forget robbob Nov 2012 #81

Good questions. Thanks. randome Nov 2012 #82

Well, honestly, what you are apparently missing here is an understanding of Zorra Nov 2012 #115

Zorra, you nailed it - it's truly a soul-sucking experience to be mired in debt. groundloop Nov 2012 #119

But will they know? druidity33 Nov 2012 #124

the original creditor may have written off the debt dlwickham Nov 2012 #134

Now that's productive activism--very well done. nt MADem Nov 2012 #61

Sort of like the non-government version adieu Nov 2012 #62

wow this is reverse capitalism ! airplaneman Nov 2012 #64

Now, THIS is a Revolutionary Idea! yellerpup Nov 2012 #68

We're trying. Thanks bigtree. mmonk Nov 2012 #69

Rec'd! A very interesting idea. Kaleva Nov 2012 #70

OWS changed everything and keeps on truckin!!! EarthGurl2012 Nov 2012 #75

This is the best stimulus package I have seen in this whole mess. I am one of those distressed jwirr Nov 2012 #76

This is BRILLIANT! JNelson6563 Nov 2012 #78

My world would change if they bought my student loan off.... glinda Nov 2012 #79

Me too- solara Nov 2012 #120

excused debt dexter76 Nov 2012 #87

Did you voluntarily create medical debt? Are you going to create more? uppityperson Nov 2012 #88

excused debt dexter76 Nov 2012 #91

I think you missed the part about student loan debt and NOT FINDING A JOB! AllyCat Nov 2012 #122

Stuff happens footinmouth Nov 2012 #89

excused debt dexter76 Nov 2012 #92

No one here but us takers. myrna minx Nov 2012 #97

perhaps we could proclaim azurnoir Nov 2012 #103

The only ones in our society getting a free ride Tsiyu Nov 2012 #112

Welcome to DU!!! tomm2thumbs Nov 2012 #114

By the time your debt gets cheap, you've already been screwed to the equator and back n/t Mopar151 Nov 2012 #144

"Posting privileges revoked" TahitiNut Nov 2012 #110

Force multipliers mick063 Nov 2012 #90

Off Topic eridani Nov 2012 #105

The only one avaiable from DU mick063 Nov 2012 #118

So what's to stop me from setting up a shell corporation, racking up a bunch of personal debt ChillZilla Nov 2012 #93

No it is not that simple. djean111 Nov 2012 #102

K&R TheUnspeakable Nov 2012 #95

Cool. This is great for collection agencies, brings them some revenue they might not jtuck004 Nov 2012 #96

They don't pay off debt by choosing individuals. djean111 Nov 2012 #99

If we just step back and look at this as helping the country full of citizens, djean111 Nov 2012 #101

Wow, this is a FANTASTIC idea. Doremus Nov 2012 #104

woot. yes we can. limpyhobbler Nov 2012 #111

Wow, that's an amazing trick. Beat them at their own game. I like it!! johnnyrocket Nov 2012 #113

there are no words of love from me for them that are big enough roguevalley Nov 2012 #116

OWS I Love YOUS! undergroundpanther Nov 2012 #121

This is very cool ... aggiesal Nov 2012 #123

THAT! IS BRILLIANT Matariki Nov 2012 #125

This is almost to good to be true. Auntie Bush Nov 2012 #126

Very big. Go OWS Politicub Nov 2012 #129

Now that is just fucking awesome! lonestarnot Nov 2012 #131

What a great cause! silverweb Nov 2012 #132

This just gave me an AWESOME idea JonathanBrowne Nov 2012 #135

The haggle-I think you have a really great idea... DianaForRussFeingold Nov 2012 #142

If you do it like that they are "settling" for a lesser amount djean111 Nov 2012 #164

Excellent! GrannyK Nov 2012 #136

What a great idea! Change has come Nov 2012 #137

huh. I had an outstanding debt disappear from my credit report last week... bunnies Nov 2012 #138

Sometimes it depends upon the State Laws and how long the debt has been or glinda Nov 2012 #140

This is amazing and it gives me hope Tree-Hugger Nov 2012 #141

What a difficult situation. Barack_America Nov 2012 #157

The direct website to help OWS with this worthy, worthy, worthy, cause is: tavalon Nov 2012 #145

K&R nt ProudProgressiveNow Nov 2012 #149

Please buy mine...It'll be cheap lol DiverDave Nov 2012 #150

Now that's something Bill Gates can do with his foundation. lalalu Nov 2012 #151

Excellent idea. malthaussen Nov 2012 #153

The best news I have heard in a long time - maybe ever! n/t AnnieK401 Nov 2012 #154

Kick woo me with science Nov 2012 #160