On AlterNet: debt

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Stories, blog posts, and videos tagged as "debt"

Doomsday Scenario: What Happens When Banks Control the Economy?

Michael Hudson, Michael Hudson's blog. February 1, 2012.

Banks weren't meant to be in control of our economy and our governments. How did it get like this and how can we restore sanity to our banking system?

Right-Wing Lunacy: The Shameless Lies Conservative Media Tell Their Audience

Michael Lind, Salon. January 27, 2012.

From Social Security hysteria to "Obamacare" madness, right-wing propaganda is increasingly divorced from reality.

Will the Young Rise Up and Fight Their Indentured Servitude to the Student Loan Industry?

Bruce E. Levine, AlterNet. January 24, 2012.

The solution to class exploitation and abuse is always the same: Get conscious, get angry, get energized, and get organized.

Vampire Hedge Funds Are Sucking Greece Dry

Les Leopold, AlterNet. January 17, 2012.

If Goldman Sachs is a vampire squid, as Matt Taibbi so aptly named it, then hedge funds are like piranhas or sharks, eager to strip the financial carcass to the bone.

$422,320 for a College Degree? With Tuition Skyrocketing, It is Time to Rethink Higher Education

Sarah Jaffe, AlterNet. January 16, 2012.

Unless we act now, the current $1 trillion student debt bubble is going to look small in 18 years—and the only ones able to go to college will be the children of the 1%.

How Did We Get So Indebted and What Can We Do About It?

Hannah Tepper, Salon. January 15, 2012.

Over the last century, over-borrowing has gone from shameful to commonly accepted. An expert explains what changed.

"I Cannot Eat Your Prayers": How Student Debt Changed One Woman's Mind on "Christian Charity"

Kristin Rawls, Killing the Buddha. December 19, 2011.

From an evangelical home to over $100,000 in student loans and healthcare debt, one writer faces the ways in which even progressive Christianity comes up short.

Bankers Are Using the Eurozone Crisis to Wage Warfare on Working People and Seize Control of Governments

Michael Hudson, Michael Hudson's blog. December 19, 2011.

Wages and living standards are to be scaled back and political power shifted from elected government to technocrats governing on behalf of big banks and financial institutions.

Using Debt to Crush Democracy: How Financiers Are Waging Warfare Against Nations

Michael Hudson, Michael Hudson's blog. December 6, 2011.

Recent debt protests from Iceland to Greece and Spain suggest that creditors are shifting their support away from democracies and crushing national self-determination.

I Said No to My Student Loan: One Borrower's Decision to Stop Paying

Natalia Antonova, AlterNet. December 4, 2011.

I am aware of the total lack of consumer protection associated with student debt. But I took a long, hard look at the numbers, and I realized that I am already a slave.

Eurozone Catastrophe: How Saving the Euro Could Mean Blood on the Streets

Marshall Auerback, AlterNet. December 2, 2011.

The whole future shape of Europe must be resolved in a week or so. It’s a high-stakes game of poker that the Germans are determined to win--at the expense of misery for many.

Debtor's Revolution: Are Debt Strikes Another Possible Tactic in the Fight Against the Big Banks?

Sarah Jaffe, AlterNet. November 3, 2011.

What does it mean to stop cooperating with the banks? Some activists, organizers, and technologists think the answer might be mass refusal to pay debts.

50 Ways to Leave Your Banker: What Happened When One Man Just Refused to Pay $80,000 in Credit Card Debt

Kimberly Thorpe, Mother Jones. November 1, 2011.

At last count, Steven Katz owed $80,000 on his six credit cards, and he has no intention of paying any of it off.

10.4 Million American Families Slide Toward Losing Their Homes -- Is It Time for Debt Forgiveness?

William Greider, The Nation. October 28, 2011.

Wages are stagnant or falling. Foreclosures are tearing through communities, and falling home prices are destroying family equity. It's like a reverse New Deal.

Toxic Student Debt Might Blow Up Our Economy -- Why the Fed Must Bail Out the Millions of Young People Crushed by Student Loans

Ellen Brown, TruthOut.org. October 21, 2011.

To prevent another disaster like the one caused by the toxic debts on the books of Wall Street banks, we need to defuse the student debt bomb before it blows. But how?

The $1 Trillion Student Loan Rip-Off: How an Entire Generation Was Tricked into Taking on Crushing Debt That Just Enriches Banks

Alex Pareene, Salon. October 20, 2011.

Young people accepted a home mortgage worth of debt before they ever even had a regular income based on phony promises.

Why Do You Pay $1.2 Trillion a Year to Prop Up a Vast, Secretive National Security State?

Tom Engelhardt, TomDispatch.com. October 20, 2011.

A blanket of secrecy over our military complex ensures that most Americans have no idea what’s being done with their money.

Sex Work to Pay Off College Loans? How the College Debt Racket Sucks Young People Dry -- And Led Many to Occupy Wall St.

Melissa Gira Grant, AlterNet. October 7, 2011.

Student loan debtor: "Kids are told to get this expensive degree and you’ll get a job. You end up owing too much and owning nothing."

What Really Destroyed the Economy and How We Can Fix It

Katherine Sciacchitano, Dollars and Sense. September 29, 2011.

The crisis caused the deficit (not the other way around), and cutbacks have rendered the ill-fitting stimulus obsolete. Now we need a long-term, comprehensive jobs plan.

Tom Friedman Tries to Scapegoat Baby Boomers -- He Should Remember That We Helped Forge American Prosperity

Ruth Rosen, AlterNet. September 28, 2011.

Baby boomers did not contribute to the economic decline of America. Actually, they helped create consumerist prosperity with teenager allowances and middle age purchases.

With No Future Visible, Young Activists Have Few Options but to "Occupy Wall Street"

David Graeber, Comment Is Free. September 26, 2011.

Is it really surprising that young protesters on Wall Street and around the world would like to have a word with the financial magnates who stole their future?

GOP and Tea Party Mobs Determined to Raise Taxes -- On the Poor

Mark Howard, AlterNet. August 22, 2011.

High-profile members of the right-wing like to claim that "half the country doesn't pay taxes." It's a straight-up lie.

Debt, Debt, Debt: 90% of Americans Experience Income Decline As Wealth Gets Sucked Back Into Top .1% -- Debt Explodes As We Try to Make Ends Meet

David DeGraw, Amped Status. August 14, 2011.

Americans have made up for the decline in income by taking on large amounts of debt.

Tea Party Terror: An Unholy War to Gain Tyranny of the Majority

Robert Becker, The Smirking Chimp. August 9, 2011.

We're in the midst of an unholy war by a minority of fanatics who take no prisoners, nor apologize for innocent victims.

Standard and Poor's: Just More Corrupt Wall Street Insiders Waging Class War on America

Joshua Holland, AlterNet. August 7, 2011.

S&P's downgrade provides compelling evidence of the corruption eating away at the foundations of yet another key Wall Street institution.

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