Talk:Forgive Unfair Debts/@comment-252647-20130128143941

Comment thread from 2012 brought over from former wiki site:

Not sure what you mean with this one. People need to start living within their means and stop running up astronomical debts. Was it Ben Franklin who said "never borrow money for a depreciating asset." This would tie in to the card related to shop less, live more. April 19, 2012 by A Wikia contributor

''Yeah—this one is a real mixed bag for the reason you mention. Not sure how to frame it, and may leave it off for this round. Its important to me personally to live well within my means. At the same time I think we have designed a culture so astronomical debts are easy to rack up for things like student loans, houses, and medical debt and there's a cultural push to do so-- student loans and home ownership are both seen as a good investment, despite the hold they put on people, and their insane costs. Medical debt...well that's another story...

Internationally, a not uncommon practice for gaining a measure of control over a country and it's economic activities is pushing a level and kind of "development" that does provide the returns suggested and gets the whole country focused on an impossible cycle of servicing debt. Some nations have defaulted with the position that it's corrupt leadership that got them into that situation and now the whole population is expected to accept indentured servitude to a cash crop economy. There are some arguments that relieving student loans would be a quick way to boost the economy... It's an interesting mix of issues... April 25, 2012 by Jatlee''