Friday, June 11, 2010

In jail for being in debt

Debtors prison (tactics) is a bad solution for a public burdened by heavy debts, high unemployment, elected leadership that employs taxpayer-backed stimulus funded by debt issuance.

You committed no crime, but an officer is knocking on your door. More Minnesotans are surprised to find themselves being locked up over debts.
It's not a crime to owe money, and debtors' prisons were abolished in the United States in the 19th century.

Consumer attorneys say such arrests are increasing in many states, including Arkansas, Arizona and Washington, driven by a bad economy, high consumer debt and a growing industry that buys bad debts and employs every means available to collect.

Source: startribune.com
Source: en.wikipedia.org

0 comments:

Post a Comment