Tag Archives | Revolt

Revolutionary Potential: Default En Masse

$alt BlogAn op-ed in the New York Times from June, entitled “Why I Defaulted on My Student Loans,” features a picture of a bank-note burning like a draft-card in the Vietnam days. The story begins atomized as the author, Lee Siegel, recalls taking out his first student loan along with his parents at the age of 17, to be met with ‘congratulations,’ from the banker, “as if I had just won some kind of award rather than signed away my young life.”

Soon after, the author was faced with a decision. He could give up on his dreams of being a writer to pursue a life of quiet desperation, working a shit job for shit pay to pay off his massive student debt. Or he could default. The author says, “I could take what I had been led to believe was both the morally and legally reprehensible step of defaulting on my student loans, which was the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.”

They decided on the latter noting that “It struck me as absurd that one could amass crippling debt as a result, not of drug addiction or reckless borrowing and spending, but of going to college.” As a result of this absurdity “having opened a new life to me beyond my modest origins, the education system was now going to call in its chits and prevent me from pursuing that new life, simply because I had the misfortune of coming from modest origins.”

As a result, Siegel notes that “The banks that made them have all gone under.… Read the rest

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Poll: Three in Ten US Voters Say “Armed Revolution Might be Necessary”

Sprit_of_'76.2Jillian Rayfield writes at Salon:

A new survey of voters by Fairleigh Dickinson University’s PublicMind finds that 29 percent agree with the statement,  “In the next few years, an armed revolution might be necessary in order to protect our liberties” – including 18 percent of Democrats, 27 percent of Independents and 44 percent of Republicans.

From the survey:

Only 38 percent of Americans who believe a revolution might be necessary support additional gun control legislation, compared with 62 percent of those who don’t think an armed revolt will be needed. “The differences in views of gun legislation are really a function of differences in what people believe guns are for,” said Cassino. “If you truly believe an armed revolution is possible in the near future, you need weapons and you’re going to be wary about government efforts to take them away.”

The poll also found that 25 percent of those surveyed “think that facts about the shootings at Sandy Hook elementary last year are being hidden.” 11 percent are unsure.

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The Global Austerity Resistance Continues

Picture: Ggia (CC)

Allison Kilkenny writes at the Nation:

Tens of thousands of protesters flooded the streets of Spain and Greece this week in response to ongoing budget cuts and high unemployment. In Spain, unemployment has passed the 5 million mark for the first time since records began—attracting widespread criticism over the conservative government’s austerity plans. Similarly, Greece, which has served as a laboratory for austerity enthusiasts, has suffered mass poverty, unemployment and suicide since severe budget cuts were implemented by the government.

“Poverty, unemployment, suicides. Enough is enough,” was the slogan chanted on Syntagma square by some 1,500 Greek demonstrators non-affiliated with political parties who were mobilized through social media. The demonstration ended when police shot tear gas at protesters—a police tactic also used during the anti-austerity demonstrations in Athens when the debt crisis began in late 2009.

Earlier this month, three people in central Greece killed themselves on the same day, and analysts said there is a correlation between the rising rates and three years of pay cuts, tax hikes and slashed pensions that have pushed many people into poverty.

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