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We kick the ass of the ruling class

The People's Bailout: a Live Telethon for the 99%

Posted 1 year ago on Nov. 15, 2012, 8 p.m. EST by OccupyWallSt
Tags: strike debt, rolling jubilee, debt

rolling jubilee logo

EDIT: Show's over – with enough raised to abolish over $5,000,000 of debt! Keep the Jubilee rolling: click here to donate!

Join Strike Debt for an updated version of an old classic, the telethon, to launch The Rolling Jubilee, a campaign that buys debt for pennies on the dollar and does away with it. Instead of collecting the debt, we will abolish it and help free the debtors!

People shouldn’t have to go into debt for an education, because they need medical care, or to put food on the table during hard times. We shouldn’t have to pay endless interest to the 1% for basic necessities. Big banks and corporations walk away from their debts and leave taxpayers to pick up the tab. It’s time for a bailout of the people, by the people.

It will be a wild night of music, comedy, magic, education, and the unexpected. This fast-moving variety show will mix well-known performers, intellectuals and activists from Strike Debt and Occupy Wall Street.

THE PEOPLE’S BAILOUT will feature music, comedy, education, magic, and the unexpected. Special guests include Janeane Garofalo, Lizz Winstead, Hari Kondabolu, David Rees, actor/director John Cameron Mitchell, Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe and Kyp Malone of TV on the Radio, Climbing Poetree, the Invisible Army of Defaulters, Holistic, Kool A.D. and Dapwell of Das Racist, The Music Tapes, Rude Mechanical Orchestra, members of Healthcare for the 99%, Occupy Faith, and many more.

$25 (abolishes an estimated $500 worth of debt)
$50 (abolishes an estimated $1000 worth of debt)
$100 (abolishes an estimated $2000 worth of debt)
$250 (abolishes an estimated $5000 worth of debt)

33 Comments

33 Comments


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[-] 6 points by GirlFriday (17435) 1 year ago

I need a post to bump to keep this sucker somewhere near the top. Hey, this works nicely.

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[-] 1 points by VQkag2 (16478) 1 year ago

But sir. Lenny the loanshark doesn't even charge that much.! Sounds criminal.

[-] 2 points by Ache4Change (3158) 1 year ago

Excellent point on a VERY important matter. Never Give Up! Occupy The Debt!

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[-] 2 points by Ache4Change (3158) 1 year ago

Don't 'assume' anything; just keep 'OccupyingYourButthole' with your head! Debt-slavery, the trading of debt as well as the wealth extraction resulting from compound interest, is probably way beyond your head especially given where it is right now and I really don't expect that it touches your heart either.

PS: Not at all surprised that the b.s. comment was deleted after I called you out on it. Chicken!

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[-] 2 points by VQkag2 (16478) 1 year ago

Snowball this effort.

Get your employer to donate.

Urge your representatives to redirect bankster no interest loan monies to the peoples bailout.

Snowball it

(Bumped again!)

[-] 1 points by inclusionman (7064) 1 year ago
[-] 1 points by VQkag2 (16478) 1 year ago

bumped again!

[-] 1 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

What a gr8 success for the telethon.

[-] 2 points by DSamms (-294) 1 year ago

Now that is really cool. Thank you.

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

This is a GREAT concept, one that hopefully might catch on long-term.

[-] 0 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

This was an awesome night - very successful. National strike debt groups to be formed - announced at the end of the program tonight.

[-] 2 points by Renneye (4004) 1 year ago

Watch Now - Janeane Garofalo Rocks!

[-] 2 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Rolling Jubilee: Live Telethon - NOW

[-] 2 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Watch now - tell a friend - tweeted.

[-] 1 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Question/Consideration = for those who will have their debt or part of their debt abolished.

It was mentioned in a comment on this thread that the government will tax the debt abolished - as an income to the individual who's debt was cancelled.

Question ; The amount taxed by government is only the original debt amount isn't It? I mean they don't tax for accumulated interest do they? I mean if they do shouldn't they tax the original lender? And if interest was not collected then no tax should be applied?

Does this make sense? If so - what are the realities of practice?

[-] 1 points by BradB (2693) from Washington, DC 1 year ago

that's Fantastic

[-] 1 points by Marquee (192) 1 year ago

Bump. :)

[-] 1 points by TheTrollSlayer (347) from Kingsport, TN 1 year ago

Excellent. OWS people. You are good.

[-] 1 points by ReginaldSpokane (2) from McHenry, IL 1 year ago

I think this a great idea but everyone needs to know the IRS taxes discharged debt as an income. Whoever is having their debt dismissed will have to pay tax on the dollar amount.

[-] 0 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Probably easier to set-up a payment plan for that - then to pay the original debt - lot less to pay as well.

[-] 1 points by ReginaldSpokane (2) from McHenry, IL 1 year ago

Totally agree. Not knocking the idea at all. Just trying to ensure folks are informed.

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[-] 1 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Food for thought - In compliment to the rolling jubilee.

Support or oppose issues. Like oppose the current legalization of usury - hell even the national debt is charging usurious interest. How do you pay off the national debt - when you can't even make the interest payments?

Campaign against usury. Will make debt abolish-meant easier.

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[-] 1 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

5,000,000 of medical debt targeted to be abolished - talk about a good cause. Announced at midnight. Tweeted

[-] 1 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

260K reported at 11:15 East Coast time. Rock-on.

[-] 1 points by TrevorMnemonic (5827) 1 year ago

Legit!

[-] 1 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Watch now- live.

[-] 0 points by Justoneof99 (80) 1 year ago

$25 abolishes $500 debt, and a Nigerian Prince wants to give you $1.5 million

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[-] 0 points by DKAtoday (25009) from Coon Rapids, MN 1 year ago

Congratulations STRIKE DEBT - GoodNight GoodMorning GoodDay GoodAfternoon GoodEvening EverBody. 5,000,000 of medical debt targeted to be abolished - talk about a good cause. Announced at midnight. Tweeted

[-] 1 points by NVPHIL (664) 1 year ago

I don't know if this link has been posted yet.

https://www.youtube.com/watch?v=m-EMlVfQtVI&feature=youtube_gdata_player

[-] -1 points by clamor (-40) from Hopatcong, NJ 1 year ago

Awesome!

Only

$16,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000

to go

[-] 2 points by Builder (4202) 1 year ago

Great, can you spare a dime?

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