Proclaim liberty throughout all the land

My plan for economic recovery is as all-American as the Liberty Bell and as “values-voter” friendly as the Ten Commandments.

Here it is: Declare a year of Jubilee — “proclaim liberty throughout all the land unto all the inhabitants thereof.”

And no, I’m not kidding. Neither are some economists, as Jennifer Ablan and Matthew Goldstein report for Reuters:

More than three years after the financial crisis struck, the economy remains stuck in a consumer debt trap. It’s a situation that could take years to correct itself. That’s why some economists are calling for a radical step: massive debt relief.

Federal policy makers, they suggest, should broker what amounts to an out-of-court settlement between institutional bond investors, banks and consumer advocates – essentially, a “great haircut” to jumpstart the economy. …

Renowned economist Stephen Roach, currently non-executive chairman of Morgan Stanley Asia, has gone a step further, calling for Wall Street to get behind what others have called a “Debt Jubilee” to forgive excess mortgage and credit card debt for some borrowers. The notion of a Debt Jubilee dates back to biblical Israel where debts were forgiven every 50 years or so. In an August appearance on CNBC, Roach said debt forgiveness would help consumers get through “the pain of deleveraging sooner rather than later.”

The Jubilee laws, laid out in Leviticus 25, ensured that no one would ever become forever trapped in debt, dependence or poverty.

Those laws aren’t widely read or well known, but part of that chapter is familiar to many Americans:

And you shall hallow the fiftieth year and you shall proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you: you shall return, every one of you, to your property and every one of you to your family. … In this year of jubilee you shall return, every one of you, to your property. When you make a sale to your neighbor or buy from your neighbor, you shall not cheat one another. … You shall not cheat one another, but you shall fear your God; for I am the Lord your God.

  • http://apocalypsereview.wordpress.com/ Invisible Neutrino

    http://current.com/shows/countdown/videos/special-comment-keith-reads-first-collective-statement-of-occupy-wall-street

    Keith Olbermann is reported to have read out a collective statement by the Occupy Wall Streeters. It is also reported to have not aired on TV.

  • http://apocalypsereview.wordpress.com/ Invisible Neutrino

    http://current.com/shows/countdown/videos/special-comment-keith-reads-first-collective-statement-of-occupy-wall-street

    Keith Olbermann is reported to have read out a collective statement by the Occupy Wall Streeters. It is also reported to have not aired on TV.

  • http://agirlcalledraven.blogspot.com sarah

    Nice. I wasn’t quite Americorps–I was in the Franciscan volunteer corps, but most private volunteer corps partner with Americorps. But I also did a Americorps summer service thing a couple years back as well.

  • http://agirlcalledraven.blogspot.com sarah

    Nice. I wasn’t quite Americorps–I was in the Franciscan volunteer corps, but most private volunteer corps partner with Americorps. But I also did a Americorps summer service thing a couple years back as well.

  • Lonespark

    Yes, bankruptcy is a good clean slate way to go in many cases.  It worked well for us.  The problem arises when you get in the same situation again, or if you just don’t have enough income for a fresh start.

  • Lonespark

    Yes, bankruptcy is a good clean slate way to go in many cases.  It worked well for us.  The problem arises when you get in the same situation again, or if you just don’t have enough income for a fresh start.

  • Lonespark

    I don’t have much money to spend, but every time I spend some I feel like I’m directly helping small business owners and employees.  I hope it’s true.  I try to shop local and buy American, so the small amounts I can spend really count… 

  • Lonespark

    I don’t have much money to spend, but every time I spend some I feel like I’m directly helping small business owners and employees.  I hope it’s true.  I try to shop local and buy American, so the small amounts I can spend really count… 

  • Lonespark

    Yeah!  But I’m fine with cartoon characters having careers.  Especially female ones.  Is there a geologist pony?

  • Lonespark

    Yeah!  But I’m fine with cartoon characters having careers.  Especially female ones.  Is there a geologist pony?

  • Anonymous

     I guess I’m late replying here, but if you actually watch the video to the end, Cookie proclaims “a cookie is a sometime food.. but right now is some time!” and eats the cookie anyway.

    The “Veggie Monster” nonsense is a spin put on this sketch by conservatives who are trying to suggest that political correctness is destroying the icons of your childhood. This sketch is exactly like dozens of other Cookie Monster sketches where another Muppet decides to try to teach Cookie Monster about moderation and he ends up gorging on cookies anyway.

  • Anonymous

     I guess I’m late replying here, but if you actually watch the video to the end, Cookie proclaims “a cookie is a sometime food.. but right now is some time!” and eats the cookie anyway.

    The “Veggie Monster” nonsense is a spin put on this sketch by conservatives who are trying to suggest that political correctness is destroying the icons of your childhood. This sketch is exactly like dozens of other Cookie Monster sketches where another Muppet decides to try to teach Cookie Monster about moderation and he ends up gorging on cookies anyway.

  • http://guy-who-reads.blogspot.com/ Mike Timonin

    Besides, the debt forgiveness acts being discussed here specifically exclude, as far as I know, government debt.

    Beyond that, the objection that “people” (ie, banks) would be unwilling to lend money to people whose debts got cancelled – totally untrue. 1) Folks who have declared bankruptcy get swamped with credit card aps (With really crappy APR), because a) they have a clean slate! and b) clearly, they are likely to run up huge bills, and the CC company will be able to collect at least some of that back in the decade before the person can declare bankruptcy again. 2) “People” (again, banks) haven’t had any trouble getting loaned money, even after getting bailed out.

    Note – I’m not really replying to Invisible Neutrino. His comment just provides me with tangential cover.

  • http://guy-who-reads.blogspot.com/ Mike Timonin

    Besides, the debt forgiveness acts being discussed here specifically exclude, as far as I know, government debt.

    Beyond that, the objection that “people” (ie, banks) would be unwilling to lend money to people whose debts got cancelled – totally untrue. 1) Folks who have declared bankruptcy get swamped with credit card aps (With really crappy APR), because a) they have a clean slate! and b) clearly, they are likely to run up huge bills, and the CC company will be able to collect at least some of that back in the decade before the person can declare bankruptcy again. 2) “People” (again, banks) haven’t had any trouble getting loaned money, even after getting bailed out.

    Note – I’m not really replying to Invisible Neutrino. Hir comment just provides me with tangential cover.

    edit: I don’t actually know Invisible Neutrino’s gender, and have edited the post to reflect that.

  • http://www.facebook.com/people/Charity-Brighton/100002974813787 Charity Brighton

    wouldn’t the hooves make it hard to hold the tiny brushes?

  • http://www.facebook.com/people/Charity-Brighton/100002974813787 Charity Brighton

    wouldn’t the hooves make it hard to hold the tiny brushes?

  • Lori

     The “Veggie Monster” nonsense is a spin put on this sketch by conservatives who are trying to suggest that political correctness is destroying the icons of your childhood. This sketch is exactly like dozens of other Cookie Monster sketches where another Muppet decides to try to teach Cookie Monster about moderation and he ends up gorging on cookies anyway.  

    Not really. The video I linked to was the start of an actual change in how Cookie Monster is written. He does eat the cookie at the end of that sketch, but note that it was only 1, as opposed to shoveling in whole boxes as he often did in the past. In later sketches he eats other things instead of cookies.

    Adults weren’t originally able to see Snuffleupagus. Folks decided that taught children bad lessons (exactly which bad lessons depended on who you asked) and Snuffie became a “real” character that everyone sees and interacts with. 

    People decided that kids needed more lessons in nutrition and less Cookies Yeah!, so the writing for Cookie Monster changed.  

  • Lori

     The “Veggie Monster” nonsense is a spin put on this sketch by conservatives who are trying to suggest that political correctness is destroying the icons of your childhood. This sketch is exactly like dozens of other Cookie Monster sketches where another Muppet decides to try to teach Cookie Monster about moderation and he ends up gorging on cookies anyway.  

    Not really. The video I linked to was the start of an actual change in how Cookie Monster is written. He does eat the cookie at the end of that sketch, but note that it was only 1, as opposed to shoveling in whole boxes as he often did in the past. In later sketches he eats other things instead of cookies.

    Adults weren’t originally able to see Snuffleupagus. Folks decided that taught children bad lessons (exactly which bad lessons depended on who you asked) and Snuffie became a “real” character that everyone sees and interacts with. 

    People decided that kids needed more lessons in nutrition and less Cookies Yeah!, so the writing for Cookie Monster changed.  

  • http://guy-who-reads.blogspot.com/ Mike Timonin

    wouldn’t the hooves make it hard to hold the tiny brushes?

    Shouldn’t that be preceded by “I think so, Brain, but…”?

  • http://guy-who-reads.blogspot.com/ Mike Timonin

    wouldn’t the hooves make it hard to hold the tiny brushes?

    Shouldn’t that be preceded by “I think so, Brain, but…”?

  • Lori

     The “Veggie Monster” nonsense is a spin put on this sketch by conservatives who are trying to suggest that political correctness is destroying the icons of your childhood. This sketch is exactly like dozens of other Cookie Monster sketches where another Muppet decides to try to teach Cookie Monster about moderation and he ends up gorging on cookies anyway.  

    Not really. The video I linked to was the start of an actual change in how Cookie Monster is written. He does eat the cookie at the end of that sketch, but note that it was only 1, as opposed to shoveling in whole boxes as he often did in the past. In later sketches he eats other things instead of cookies.

    Adults weren’t originally able to see Snuffleupagus. Folks decided that taught children bad lessons (exactly which bad lessons depended on who you asked) and Snuffie became a “real” character that everyone sees and interacts with. 

    People decided that kids needed more lessons in nutrition and less Cookies Yeah!, so the writing for Cookie Monster changed.  

  • http://guy-who-reads.blogspot.com/ Mike Timonin

    wouldn’t the hooves make it hard to hold the tiny brushes?

    Shouldn’t that be preceded by “I think so, Brain, but…”?

  • Anonymous

    Cookie Monster can stuff his face as much as he likes; he doesn’t have an esophagus, the lucky SOB.

    Folks decided that taught children bad lessons (exactly which bad lessons depended on who you asked) and Snuffie became a “real” character that everyone sees and interacts with. 

    The way I heard it, Snuffie became visible because they wanted kids to know that they could report things they saw to an adult and be believed.

  • Anonymous

    Cookie Monster can stuff his face as much as he likes; he doesn’t have an esophagus, the lucky SOB.

    Folks decided that taught children bad lessons (exactly which bad lessons depended on who you asked) and Snuffie became a “real” character that everyone sees and interacts with. 

    The way I heard it, Snuffie became visible because they wanted kids to know that they could report things they saw to an adult and be believed.

  • Lori

     The way I heard it, Snuffie became visible because they wanted kids to know that they could report things they saw to an adult and be believed.  

    That was the main issue. People were concerned that adults not seeing Snuffie and therefore not believing that the kids could see him would make kids think that adults wouldn’t believe them about anything they didn’t see for themselves. I’m not convinced that was actually a significant problem, but better to change Snuffie’s status than have any child fail to report abuse because they think they won’t be believed. 

  • Lori

     The way I heard it, Snuffie became visible because they wanted kids to know that they could report things they saw to an adult and be believed.  

    That was the main issue. People were concerned that adults not seeing Snuffie and therefore not believing that the kids could see him would make kids think that adults wouldn’t believe them about anything they didn’t see for themselves. I’m not convinced that was actually a significant problem, but better to change Snuffie’s status than have any child fail to report abuse because they think they won’t be believed. 

  • http://apocalypsereview.wordpress.com/ Invisible Neutrino

    Mike Timonin: I’m a guy. :)

    To all in general: Take a look at this MSNBC clip about pepper spraying of protesters in Wall Street. They actually go so far as to say “no justification” for the use of pepper spray! (O_O)

    http://www.youtube.com/watch?v=Zgr3DiqWYCI&feature=player_detailpage#t=204s

  • http://apocalypsereview.wordpress.com/ Invisible Neutrino

    Mike Timonin: I’m a guy. :)

    To all in general: Take a look at this MSNBC clip about pepper spraying of protesters in Wall Street. They actually go so far as to say “no justification” for the use of pepper spray! (O_O)

    http://www.youtube.com/watch?v=Zgr3DiqWYCI&feature=player_detailpage#t=204s

  • Shallot

    flat, if you’re still reading this thread, don’t worry about the misunderstanding.  I knew it was out-of-character for you.  I didn’t reply sooner because I was working, but I wanted to make clear that I wasn’t upset.

    Lonespark, there aren’t any geologist ponies yet.  (Rarity has a talent for finding gemstones, but she uses them primarily for her fashion designs, and Pinkie Pie’s backstory involves being the misfit child of rock farmers.)  But there’s no reason there *can’t* be– they manipulate pencils with their mouths, so they probably have the dexterity for brush work.  And unicorns seem to have some telekinesis.  Heck, if they have pegasi who manipulate daily weather patterns, there could easily be earth ponies who supervise tectonic plates! 

    …now I really want to draw a geologist pony.

  • Shallot

    flat, if you’re still reading this thread, don’t worry about the misunderstanding.  I knew it was out-of-character for you.  I didn’t reply sooner because I was working, but I wanted to make clear that I wasn’t upset.

    Lonespark, there aren’t any geologist ponies yet.  (Rarity has a talent for finding gemstones, but she uses them primarily for her fashion designs, and Pinkie Pie’s backstory involves being the misfit child of rock farmers.)  But there’s no reason there *can’t* be– they manipulate pencils with their mouths, so they probably have the dexterity for brush work.  And unicorns seem to have some telekinesis.  Heck, if they have pegasi who manipulate daily weather patterns, there could easily be earth ponies who supervise tectonic plates! 

    …now I really want to draw a geologist pony.

  • Anonymous

     There is only one cookie present in the sketch, so yes, he only eats one cookie.

    I can’t speak to larger trends in how Cookie Monster is written, but the sketch itself plays out like essentially every major Cookie Monster sketch for a very long time: Cookie Monster makes a bad decision about nutrition, a wiser Muppet tries to teach him otherwise, Cookie makes the bad decision at the end anyway, and a small child watching laughs at how ridiculous the bad decision makes Cookie Monster look. This has always been how Cookie Monster works: the “cookies yeah!” is used to make him look ridiculous and quietly teach the child something.

    Also, Cookie Monster has always eaten things that are not cookies. Sometimes he eats things that are not even food. (“Family dinner is really great! We eat the food and then the plate!”) The term “Veggie Monster” really is a deliberate conservative “PC-ness is killing your childhood!” spin on the whole (rather minor) affair.

  • Anonymous

    There is only one cookie present in the sketch, so yes, he only eats one cookie.

    I can’t speak to larger trends in how Cookie Monster is written, but the sketch itself plays out like essentially every major Cookie Monster sketch for a very long time: Cookie Monster makes a bad decision about nutrition, a wiser Muppet tries to teach him otherwise, Cookie makes the bad decision at the end anyway, and a small child watching laughs at how ridiculous the bad decision makes Cookie Monster look. This has always been how Cookie Monster works: the “cookies yeah!” is used to make him look ridiculous and quietly teach the child something.

    Also, Cookie Monster has always eaten things that are not cookies. Sometimes he eats things that are not even food. (“Family dinner is really great! We eat the food and then the plate!”) The term “Veggie Monster” really is a deliberate conservative “PC-ness is killing your childhood!” spin on the whole (rather minor) affair.

    Edit:

    http://muppet.wikia.com/wiki/Is_Cookie_Monster_now_the_Veggie_Monster%3F <- As always, the valiant nerds of the Internet have already gone into this much more thoroughly than I could begin to. Note image of Cookie eating a giant pile of fruit in 1976. Cookie Monster eating non-cookie things is not a recent change by a long shot.

  • Apocalypse Review

    It is amusing, that is all. (animated GIF, by the way)

    http://i.imgur.com/CjWJV.gif

  • Apocalypse Review

    It is amusing, that is all. (animated GIF, by the way)

    http://i.imgur.com/CjWJV.gif


CLOSE | X

HIDE | X