Theophilis Goodyear: Arrest Warrants & Debtor’s Prison

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Theophilis Goodyear

It’s not just the US military that is being given the power to lock American citizens up without due process. Many counties and states are being lied to and manipulated into issuing arrest warrants without due process–no notification, no documentation, etcetera.

The following article from the Wall Street Journal describes modern day versions of debtors prison:

Welcome to Debtors’ Prison, 2011 Edition

People are being arrested for non-payment of debt as the result of a law suits filed against them by creditors. Often they didn’t even know they were being sued. Some were stopped for routine traffic citations, then when a background check was run on them it turned out there was a warrant out for their arrest. Some were arrested at their homes in front of their families.

The Federal Reserve estimates that consumer debt in the U.S is currently about $2.4 trillion. But according to Politico magazine, the combined cost of all the recent financial bailouts could one day reach $23 trillion.

I think it’s safe to say that the top 1% will never spend a day in prison, despite the fact that collectively they’ll eventually cost the government 10 times the amount that consumers currently owe. And if you divide the 23 trillion up among the top CEOs who actually made the decisions that led to this fiasco in the first place, their individual culpability would be astronomical.

According to this link provided by the University of Pennsylvania on Robert Morris:

Robert Morris—–one of the founding fathers of the United States and cosigner of the Declaration of independence—–was himself eventually thrown into debtor’s prison for just over three years. Before that he had served as Superintendent of Finance during the early years of the new American republic. He was essentially the chief banker of the United States. So why should contemporary bankers get preferential treatment?

I guess the moral of the story is that even patriots are not safe from incarceration for nonpayment of debt. Apparently only modern day bankers and CEOs are entitled to Get Out of Jail Free cards.

The U.S. debt is technically owed by all Americans. Clearly the only ethical solution is to put us all in jail. But then who would run the prisons?