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To: blackbart.223
Don't make riskey loans and you won't get burned for the most part.

Debtor's prison would be a form of bankruptcy where the lender did not get repaid. Debtor's Prison is about detering the excess borrowing that enslaves today's poor.

18 posted on 03/11/2005 9:57:43 PM PST by staytrue
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To: staytrue
"Debtor's Prison is about detering the excess borrowing that enslaves today's poor."

I suspect you have never read The Constitution or studied history. Debtor's prisons and indentured servitude were prohibited for good reason.

20 posted on 03/11/2005 10:04:55 PM PST by blackbart.223
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To: staytrue

But prison of course is just another form of slavery... killing the patient to cure the disease isn't an improvement.


25 posted on 03/11/2005 10:26:02 PM PST by thoughtomator (I believe in the power of free markets to do good)
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To: staytrue
Instead of having debtors prison, have them perform community service at a company or the company that they owe the money to , to work down there debt.
As is in the idea in the Habitat for Humanity, those who can't afford to buy a house on their own, get the help from Habitat for Humanity.
They agree to help build other peoples homes after a certain amount of " SWEAT EQUALITY " hours, and after that, other volunteers will help build their home.
I don't believe putting people in prison for not paying their debt will help, if they are in prison ? how are they going to find a job and pay down their debt ??
We need to be innovative in finding ways to a solution to this problem.
Since those people may not have any financial means to pay down their debts, then, have them volunteer to perform a service to pay down their debt at a company or the company were debtors owes money.
195 posted on 03/15/2005 12:10:10 AM PST by Prophet in the wilderness (PSALM 53 : 1 The ( FOOL ) hath said in his heart , There is no GOD .)
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