Saturday Jul 14, 201202:29 PM GMT
‘Born, lived, and died in debt’: OWS Strike Debt meeting
Sat Jul 14, 2012 2:27PM
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Occupy Wall Street activists plan to hold a meeting on Sunday at Washington Square Park in New York City to protest against and raise public awareness about the worsening debt burden facing members of “the 99%.”

 

“We're all born to families in debt: in debt for our education, in debt for our homes, in debt for our basic needs,” said an announcement posted on Occupywallstreet.org by organizers of the Strike Debt meeting.

 

They pose an argument with a simple, yet solid reasoning: “Everyone seems to owe something, and we're continually told it's our own fault, we got ourselves into this, we should feel guilty or ashamed. But how is it possible that something like 99% of Americas could all have simultaneously failed to figure out how to properly manage their money? And who do we all owe this money to? Where did they get it all?”

 

People are invited to the Strike Debt meeting to talk about the injustice of debt, looking for solutions, building mutual support, and helping to build a movement.

 

FACTS & FIGURES

 

The Occupy Wall Street demonstration started out on September 17 with around a dozen college students spending days and nights in Zuccotti Park, a private plaza off Broadway. It has grown sizably; however, both in New York City and elsewhere as people across the country, from Boston to Los Angeles, display their solidarity in similar protests. Huffington Post

 

The demonstrators protest against an unequal distribution of wealth wherein one percent of the American population benefits from the capitalism system, while the other 99 percent is exploited. The protesters say they are that 99 percent. Dowser

 

As of June 2012, debt held by the U.S. public was $11.04 trillion, while the intra-governmental debt was $4.81 trillion, bringing the total debt of the United States to a whopping $15.85 trillion, roughly 103% of the country’s GDP.

 

Student loan debt is also a growing problem in America. There are more than $1 trillion in outstanding student loans in the U.S.

 

AN/HJ

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