Let's Abolish Government Debt

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  • Song Name: Let's Abolish Government Debt
  • Artist: Erick Vasconcelos

Intro/Outro by Jeff Riggenbach
Read and Written by Erick Vasconcelos
Edited by Nick Ford

Online article: https://c4ss.org/content/38425


"The solution is to end debt. I don’t mean a moratorium, but a delegitimation of debt contraction by the state. The presidency must be incapable of acquiring debt for the citizens to pay, no matter the reason. Full stop.

It’s a radical idea, but debt should be abolished. Today. Over time, it not only morphed into a system that generates increasing debt and that channels money from the individuals to banks’ and capitalists’ pockets, but government debt also became more shameless. If governments used to issue “war bonds” when they wanted to bomb someone, nowadays that isn’t even needed. Governments are able to issue unlimited debt for whatever reason."

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