A Quote by Jeffrey Sachs
The time has come to end this charade. The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves. Africa should say: 'thank you very much but we need this money to meet the needs of children who are dying right now so we will put the debt servicing payments into urgent social investment in health, education, drinking water, control of AIDS and other needs.'
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The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.
I think we should stop drinking bottled water. There's no need to be drinking it if you're living in western communities. The other thing I would suggest - and I feel it particularly here in Australia, because we have very severe drought - is to be aware of how much you're actually consuming. Right now, it's very rainy, but that doesn't mean we can drink all the water we want. Conserving and constantly thinking, "how much do I really need?" should definitely be part of our vocabulary.
I think everybody knows that Africa is in a very deep crisis. There is economic misery and social deprivation and that Africa needs help but the question then is how. And also we have to make sure that we don't repeat old mistakes; this help is only short term. It doesn't address Africa's long-term fundamental needs and how to put Africa on the right track to development. What Africa needs to do is to grow, to grow out of debt.
I spent the past week here in India getting a sense of the reality of HIV and AIDS in people's lives. Fathers and mothers are dying, leaving children with no support. Stigma and discrimination is ruining the family lives. There is an urgent need for education, information, and increased awareness of HIV and AIDS. The response needs to be now. We cannot afford to become fatigued.
Countries that need monies so that they can provide health care and education and shelter to their people shouldn't have to repay debts that we knowingly lent to bad regimes long since gone; and all illegitimate debts - debts lent to these terrible dictators like Saddam Hussein, like Suharto, like Marcos - must also be canceled.
Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.
As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy.
We do not want Ukraine to default. On the contrary, we need an economically viable partner. However, debts should be paid, and this includes state and commercial debts
When you forgive, you must cancel the debt. Do not spend your life paying and collecting debts.
I should mention there are many European countries right now that already protect children from Wi-Fi, so it's not like this is some preposterous idea. This is already embraced by many countries all around the world. I don't think it is preposterous to suggest that public health needs greater protection in this country, especially that of children, among whom there is a rising tide of brain cancer right now.
I do believe that India needs a lot more foreign direct investment than we've got, and we should have the ambition to move in the same league many other countries in our neighborhood are moving. We may not be able to reach where the Chinese are today, but there is no reason why we should not think big about the role of foreign direct investment, particularly in the areas relating to infrastructure, where our needs for investment are very large. We need new initiatives, management skills, and I do believe that direct foreign investment can play a very important role.
Humanity is no longer the same. Its needs are no longer the same, and the needs of all around the world are recognizable. We need jobs. We need food. We need shelter. We need health care. We need education. These few things are the absolute necessities of all people everywhere, and yet even in the most-developed world, like America and Europe, no one has all of these things by right, unless they have money - and this is the rub.
We come into relationships often very much identified with our needs. I need this, I need security, I need refuge, I need friendship. And all of relationships are symbiotic in that sense. We come together because we fulfill each others' needs at some level or other.
The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.
Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency.
AIDS is big business, maybe Africa's biggest business. There's nothing else that can generate as much aid money as shocking figures on AIDS. AIDS is a political disease here, and we should be very skeptical.
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