“When I was seventeen, I contributed to the non-compliance movement which prevented the very unfair Poll Tax from becoming a burden on families today. Today’s youth will soon be fighting a system that will burden their future family lives too.”
Student debt is one thing, but unborn babies now saddled with debt have crossed a moral line.
Austerity – the policy of saving your way out of a demand shortfall – just does not work. In a shrinking economy, a country’s debt-to-GDP ratio rises rather than falls, and Europe’s recession-ridden crisis country have now saved themselves into a depression, resulting in mass unemployment, alarming levels of poverty and scant hope for the young.
The Greek and Spanish people this week, acted upon this fact. Expect many other countries to say “NO more babies in debt – time for a reset” too.