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Rolling Jubilee Peoples Bailout Buys 1.2 Million in Medical Debt

3:14 pm in Uncategorized by John Washington

On March 14th Strike Debt proudly announced the second in a series of Medical Debt Bailouts. Over 1 million Dollars in Medical Debt was purchased and abolished providing relief to over 1,000 people with an average of $900 per person. This is a testament to the Strike Debt’s dedication to details on this project maximizing its effectiveness by evaluating the best options to provide the greatest good. The majority of the portfolio will absolve the emergency room debts of people in Kentucky and Indiana mitigating the circumstance create by our nations for profit healthcare system. 62% of bankruptcies in the US are caused by medical debt and 75% of those people had health insurance when then incurred the debt. Heath care is a human right and the Rolling Jubilee has brought some humanity to the Midwest.

The Rolling Jubilee has been Rolling since November 15th and shows no signs of stopping so far over $570,000 has been raised and close to 12 Million has been forgiven. That is about a 20 to 1 ratio as a former debt collector I find it inspiring to see the effort and effectiveness that has been placed into this project. Strike Debt is following this announcement up with a series of actions on March 21st in Bryant Park there will be a rally and protest against Private Insurance Companies at 4pm. Then on the 23rd at Judson Church there will be a Free Health Fair and March to highlight hospital closings with  on call to answer questions online all day at StrikeDebt.org/lifeordebt/

 

For More information on the Rolling Jubilee visit RollingJubilee.org


Rolling Jubilee Tonight: People’s Bailout Variety Show and Telethon, #StrikeDebt

11:43 am in Uncategorized by John Washington

 
Tonight, Strike Debt will officially launch the Rolling Jubilee with the People’s Bailout Variety Show And Telethon from Le Poison Rouge in New York City.

The event is a new take on the classic telethon, intended to raise money for the Rolling Jubilee. This project is designed to relieve the 99% of unnecessary and oppressive debt by fund raising to purchase debt around the country and abolishing it. The event features Janeane Garafalo, Lizz Winstead, Hari Kondabolu, David Rees, John Cameron Mitchell, Jeff Mangum, Lee Ranaldo of Sonic Youth, Kool AD and Dapwell of Das Racist and many more. So far the Rolling Jubilee has raised $198,428 and counting which will abolish $3,973,386 of debt. This evening hopes to push that number even higher. The sold out event begins at 8pm tonight and will be livestreamed at RollingJubilee.org.

The project is a product of Strike Debt and came out of a series of assemblies in New York this year geared toward addressing the issue. Already, the work of this offshoot of Occupy Walls Street is simply amazing. The Debt Resistors Operations Manual (.pdf link) was released just ahead of the September 17th Anniversary and has people all over the country getting educated to defend themselves against a culture of debt-based oppression. Strike Debt has followed up with this direct and effective action:  in liberating “debtors” and engaging people in collective resistance.

Debt has become a commodity that can be purchased for pennies on the dollar after it has been charged-off by the original creditor. In most cases, tax write offs have mitigated the loss for the company. This highlights the absurdity of collecting money from people that has already been paid for the benefit of the few. Strike Debt intends to spark a movement of collective noncooperation and resistance by showing people debt’s true form. To get involved, go to RollingJubilee.org and enjoy the show tonite.

You can read the Debt Resistors Operations Manual (.pdf link) at StrikeDebt.org.

Check out our #OccupySupply Skill Share: Occupy 2.0 Strike Debt  with Astra Taylor, Thomas Gokey and Melissa Fleschman

Here’s Democracy Now! on the Jubilee:

More about Strike Debt on Firedoglake: