Mike Konczal
Debt relief is fair. It would also be good for the economy.
So why isn’t it happening? One word: politics.
Responses
Dean Baker
Underwater homeowners deserve help, but that won’t reverse the downturn.
G. Marcus Cole
Investors are not all Shylocks. Many are blue-collar workers.
Tamara Draut
Bankruptcy reform will only go so far. We need wage growth and a working safety net.
Louis Hyman
Use asset-backed securities to create productive businesses, not unproductive homes.
Jacob S. Hacker and Nathaniel Loewentheil
We don’t need to change views about debt; we need a responsive democracy.
Mark A. Calabria
Picking winners and losers is bad for society.
Robert C. Hockett
We needn’t rob Peter to pay Paul.
Barbara H. Fried
A public conversation about personal responsibility has to acknowledge the limits of human rationality.
Mike Konczal replies
Debt is a political crisis that requires a political response.
