USA to Cancel Haiti's Debt, Call it an Act of Jubilee

USA to Cancel Haiti’s Debt, Call it an Act of Jubilee

 

While the Rev. Wright controversy remains in the Main Stream Media exclaiming  how America’s “Chickens have come home to Roost”.  Haiti’s Debt will be Canceled. Kudos to Florida Democrat Alcee Hastings for Piloting this Amendment to show concern to this impoverished Country and it’s People. 

America has shown once again that it is concerned about the needs of nations who have nothing to give.  Many folks forget that under the Bush Administration Aide to Africa has tripled compared to the Previous Administration.

 

The word Jubilee is a Jewish term that comes from the Hebrew Bible. Every 50 years all  debts are Forgiven and those in indentured servitude are set free.  Another Jubilent time is every 7 years when debts are forgiven as well.  This is why,  in American law,  ones debts cannot be collected or appear on a credit report after 7 years.

 

Haiti Justice: Jubilee Act Passes House. On to Senate!

Hastings Amendment to the Jubilee Act Passes the House

The U.S. House of Representatives unanimously passed an amendment on April 16, 2008 authored by U.S. Representative Alcee L. Hastings (D-Miramar) calling for the cancellation of Haiti’s international debt. Representative Hastings offered his amendment to H.R. 2634, the Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008. The bill directs the Secretary of the Treasury to work with international financial institutions to provide debt cancellation to low-income countries.

The amendment authorizes U.S. Treasury to:

  • Expedite the cancellation of Haiti’s debts to the World Bank, the Inter-American Development Bank (IDB) and other multilateral financial institutions, and
  • Urge an immediate suspension of debt service payments from Haiti.

The UnitedStates’ (US’)House of Representatives has unanimously passed an amendment calling for thecancellation of Haiti’sinternational debt.

The legislation, piloted by FloridaDemocratic Congressman Alcee Hastings, directs the US Secretary of the Treasury towork with international financial institutions to provide debt cancellation tolow-income countries.

Congressman Hastings described the voteas an important initial step toward finally freeing the impoverished nationfrom its onerous debt.

Mr. Hastings is also in the vanguard inthe fight to end what he called “double-standard immigration practices asthey pertain to Haitian migrants”.  

Amid Violence In Haiti, 13 N.J. Volunteers Arrive Home en la playa de escursión USA to Cancel Haiti's Debt, Call it  an Act of Jubilee Haiti needs emergency funding Now SECURITY COUNCIL PRESS STATEMENT ON HAITI - Poverty! what the hell do you know about it? Touching Lives

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