by The_Toecutter » Mon 10 Oct 2005, 00:52:23
Lets put it this way. I'm a college student who took out loans to stay in school after my dad was no longer able to work(and still isn't able to work). $26k/year university today. when I first started going there, it was $19k/year and scholarships payed almost all of it. Scholarships haven't risen with tuition prices. I'm an electrical engineering major, and a problem may occur in which all the available jobs for my position are in China or India, but that's the case with any job as mine is perhaps the most practical major one could choose. If a debtor's prison is instituted, whoever comes to my door will be shot on sight should they refuse to leave and heed a warning given, considering that when I originally took out the loans, the legal framework was that I could declare bankruptcy and maybe get out of trouble if I had to default.
To change the legal framework of the contract I signed was to also change the contract, ex post facto. If for some reason I risk being imprisoned for my debt that I intend to pay but somehow cannot due to unforseen circumstances, I will shoot anyone who tried to imprison me and would gladly die in a firefight which would be the most likely outcome of such a conflict.
I do not take that shit lightly, and by the government changing the framework of the contract I signed(and those companies who lobbied for them to do so and paid good money to politicians to pass an unconstitutional law), they are busting a deal.
The original legal framework in the contract also meant that the company I borrowed from was willing to take the risk I won't be able to pay in the future the moment the contract was agreed to. To change the legal framework of a binding contract AFTER I took the loans out is to basically absolve the company of their own responsibility that they took a risk that the borrower may not be able to pay in the future, with that risk already built into the interest payments before hand.
Further, this ex post facto law is unconstitutional.
So if I were to be thrown in debtor's prison for this? I take my freedom, and the original deal made seriously. I would kill whoever attempted to imprison me if there was even a .0001% chance I could keep that freedom, and I wouldn't give a shit if there was a 99.9999% chance I'd be killed trying at that point.
I'm sure other Americans share my sentiments, despite that unlike myself, many of them probably weren't willing to be responsible for their debts to begin with before the law was passed. Irregardless, this new bankruptcy law may make some people bitter enough to protect themselves and their rights should enforcement of this law and debt repayment tend to the extreme.
Myself? I'd be willing to take it to a level not commonly seen just yet, even given the likely scenario my brain would be splattered on my front porch courtesy of law enforcement.
I'm pretty sure I'm not the only one. Should things turn bad, I hope others intend to do as I will just to spite those who changed the legal framework of a binding contract, and maybe get to shoot something while they're at it should it really come down to that or imprisonment.
The unnecessary felling of a tree, perhaps the old growth of centuries, seems to me a crime little short of murder. ~Thomas Jefferson