Wrote some words about this over at Data For Progress…
“To get through this crisis, we need more than just stimulus checks to households—we need consumer debt forgiveness for a real stimulus and recovery. As the chant from Occupy Wall Street went: “We got sold out, banks got bailed out.”
The Trump administration continues to insist on a recovery focused on bailing out large corporations and other businesses, while workers bearing the brunt of the crisis are faced with relying on a small, one-time stimulus to make ends meet, and to pay their debts.
But if the economy is in crisis, why not just cancel or forgive these debts instead of siphoning off of stimulus checks? “… –> Read More on the Data For Progress Blog.