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Want to Help Nepal Recover from the Quake? Cancel its Debt, Says Rights Group


#1

Want to Help Nepal Recover from the Quake? Cancel its Debt, Says Rights Group

Kanya D'Almeida, IPS News

UNITED NATIONS - The death toll has now passed 3,300, and there is no telling how much farther it will climb. Search and rescue operations in Nepal entered their third day Monday, as the government and international aid agencies scramble to cope with the aftermath of a 7.8-magnitude earthquake that struck this South Asian nation on Apr. 25.

Severe aftershocks have this land-locked country of 27.8 million people on edge, with scores missing and countless others feared dead, buried under the rubble.


#2

And now the debt is canceled!... but... will Nepal be able to borrow again if it's government is actually functioning? Who actually pays the debt are for sure not the people who borrowed it, and those who write the checks to pay the debt today did not earn the money.

Always remember, there is no limit to greed. So an idea like reducing a countries debt, thinking that the man on the street would have more money if they did is false, as, those who tax those men are getting all they can, no matter where those collected taxes go.