Debt Relief has a long and honorable history.  It was the foundation for the Jubilee mentioned in the Bible that wiped out debt every 49 years (see also, John Kelly's book: The Other Law of Moses).  Debts used to die with the King, then they vanished when corporations, which used to have finite lifespans, went away.  Now, they are supposed to go on forever, racking up more interest with no end in sight.Odious debts are unpayable, a ...

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Debt Relief has a long and honorable history.  It was the foundation for the Jubilee mentioned in the Bible that wiped out debt every 49 years (see also, John Kelly's book: The Other Law of Moses).  Debts used to die with the King, then they vanished when corporations, which used to have finite lifespans, went away.  Now, they are supposed to go on forever, racking up more interest with no end in sight.
Odious debts are unpayable, and austerity kills any possibility of a country or its inhabitants earning enough money remaining in circulation to pay off their debts. 
Here's what we could do instead:

Authors Website: http://newthinking.blogspot.com/

Authors Bio:

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for Common Ground's national publication, GroundSwell, and has advocated for the Georgist Land Value Tax to public and political audiences.

A complete list of his publications can be found here:

Click Here

He is also New York State Coordinator and Senior Advisor for the Public Banking Institute

Click Here, which seeks to promote Public Banking. The PBI is chaired by another OEN blogger, Ellen Brown.
Scott has appeared on TV/Radio and in in-person Presentations to explain the principles of Georgism, Greenbacking, and State Banking. These may also be found on his personal blog: http://newthinking.blogspot.com/

Scott has a dozen progressive petitions on Change.org which may be found here:

http://chn.ge/10nUAmJ

Scott was an I.T. Manager for a major New York university for over two decades where he earned a Certificate for Frontline Leadership.

He had a video game published in Compute! Magazine: Click Here

Scott is a graduate and adjunct faculty of the Henry George School of Social Science in New York City.

Scott is a modern-day Renaissance Man with interests in economics, science and all future-forward topics.

He has been called an "adept syncretist" by Kirkus Discoveries for his novel, NeitherWorld - a two-volume opus blending Native American myth, archaeological detail, government conspiracy, with a sci-fi flair http://amzn.to/10nUoDV

Scott grew up in New York City and Pennsylvania. He graduated with honors and a Bachelor's degree in Psychology from Pennsylvania State University and was a member of the Psychology honor society PSI CHI.

Today he is an avid bicyclist and ride co-leader in a prominent bike advocacy organization.

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