[agarrett]

With all due respect, I think you should read the LEGAL agreement which OBLIGATES each side to do certain things. It's a legal contract with obligations.

  And as you point out, it is a legal contract. Which, by implication, makes it subordinate to the laws of the land. Those laws include laws on debt repayment. These contracts will not override the laws.

  This means there is implicit bankruptcy protection (now changed by a change in the laws) as well as collection protection and the like. It is, as has been pointed out, an unsecured loan.

Drew Garrett

[Protagoras]

There is no question the government which should be enforcing the legal contracts has the firepower to override them. They abet the crime in return for power.

"Vote for me, I'll set you free".

An unsecured debt is still a debt. The money is owed. The person who doesn't pay his freely taken responsibilities is a thief.