Posts Tagged ‘forgiving’

Your Tax Dollars At Work: Govt Officially Forgiving Student Debt

Already we’re seeing student loan defaults creep up… Loans issued in 2012 are defaulting at a faster rate than ever before. Interest rates are only rising. Over 44 million Americans owe student loans, and according to the Federal Reserve, 11.2% of them are delinquent (at least 90 days late) or in default. It’s hard enough […]

Putin Pardons Poorest African Countries – Forgiving $20 Billion Debt

Russian President Vladimir Putin has written off debts totalling $20 billion dollars owed by some of Africa’s poorest nations.   In a historic move, Russia told the United Nations that in order for Africa to thrive, wealthy countries need to alleviate the debt burden of African countries. “Our country is taking steps to alleviate the debt […]

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