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Reset the Debt

Submitted on Monday 5th December 2011

Published on Tuesday 6th December 2011

Current status: Closed

Closed: Thursday 6th December 2012

Signatures: 1

Tagged with

Citizens ~ Economy ~ Enable ~ Money

Petition Action

Reset the Debt

Additional Information

The reason the economy is stagnant is because people are not buying anything. They are too busy paying off their debts.

The Government is bailing out the banks. The banks are not passing the money on to the people because they do not want them getting into even more debt.

It is time for the government to invest in its citizens rather than the banking system.

We want the government to pay off all its citizens' debts to enable them to start spending again, thus kick-starting the economy.

The money would have to pay off all existing debts and measures would be put in place to prevent citizens going back into debt.

Those who are not in debt will also receive the same windfall.

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