While the largest banks in the United States receive an unprecedented bail-out through the new COVID-19 stimulus bill, the entire working class is plunging ever deeper into a debt crisis that was already bleeding millions of American families. 

The Federal Reserve Bank has demonstrated that it has the power to create virtually endless sums of money. Public banking experts like Ellen Brown have demonstrated that social dividend checks to all citizens can be made easily using current funding platforms in ways that cause no inflation and which directly help the people most in need, cutting out small group of financiers who enrich themselves through the sale of government securities every time the Fed creates new money. Top economists like Michael Hudson have argued that the only way to avoid a Great Depression is to create a general debt jubilee. As he argued in a recent article in The Washington Post: “This slate-cleaning, balance-restoring step recognizes the fundamental truth that when debts grow too large to be paid without reducing debtors to poverty, the way to hold society together and restore balance is simply to cancel the bad debts.” 

Join us in signing this petition to call for complete debt jubilee for all citizens making less than $75,000 per year. Restore our economy and our democracy by cancelling all credit card debt, student loan debt and car loan debt for the working class. Let's turn this Economic Depression into an Economic Miracle!