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November 21, 2011

Occupy Focuses Like a Laser On The Most Important Issue Facing America: College Debt

Their new plan is to not pay their debts, which, frankly, I sort of think was already their plan, before Occupy, before Zucotti, before they sent out their first resumes.

But now they have a website for it.

The "plan" is that they have a group pledge sheet, and they all promise to stop paying their loans as soon as one million people sign the pledge. (That is, they all begin not paying simultaneously, one million strong, though, as I mentioned, I have a feeling there are a lot of people who are already on this plan, sans pledge.)

The campaign is calling for several reforms of higher education, including free public colleges, no-interest loans, greater transparency at private and for-profit colleges and complete forgiveness of all existing student debt.

Let me get this straight: Their demand is that financial institutions forgive the debt, or else they vow they won't pay it?

What's in it for banks, then? Either way, the Occupiers are not paying the debt, right? Why not at least impose the penalties on them?

I'm beginning to think this whole Occupy movement isn't very well thought out.



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posted by Ace at 12:50 PM

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