Categorized | Debt Stories, Stories

Debt To Burn

Debt To Burn
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Last Sunday I took the L train out to East River State Park, a beautiful riverside park in the ultra-gentrified waterfront of Williamsburg, Brooklyn. There, wrapped by new luxury condos and a stunning view of Manhattan across the river, about 100 people gathered to make a statement against debt.

The action was organized by Strike Debt, a group of occupiers who are organizing a campaign that specifically targets debt and its impact on the 99%. This was their inaugural action; a symbolic first step to building a union of debtors and mounting an out-right debt refusal movement.

After a meeting about the group’s #S17 plan, we gathered in a half circle a few yards from the water and lay down banners that declared “SILENCE = DEBT” and featured images of the word DEBT alight in a blaze.

People came up and told their debt stories and then using an empty coffee can (in the style of the draft burnings during the Vietnam War), they burned their statements and collections notices. It was a symbolic act, but also strangely powerful. Students told stories of taking out loans in pursuit of a degree and a job, only to find themselves in a dead-end and underwater. A young woman told about having to choose between going to the doctor and being financially stable and taking on thousands of dollars of debt after getting sick. Some had mortgages that were underwater, some burned credit card bills.

The power of this action didn’t come from the burning itself,  but from the telling of those stories. Society tells us that debt is shameful and that defaulting on credit is a moral outrage. This unspoken cultural rule is an important part of the mechanisms that keep us all indebted. It was truly inspiring to watch people confront this stigma head-on, and release that cultural shame. It made me wish I had brought a credit bill to burn.

After the stories were told and statements were burned in the coffee can, we walked as a group out to the water’s edge, on a makeshift beach on the western side of the park. We pseudo-ceremoniously dumped the ashes of our debt into the East River, narrowly avoiding a “Big Lebowski” moment when the wind blew some of the ashes back onto the beach.  Then we did what occupy does best: we built community.

We continued sharing our stories and contacts with one another and talked about how to create a viable movement against debt. Oh, and we also ate cake.

Here a short video from the event:

-Danny Valdes-

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  1. [...] grupo llamado Strike Debt que invita a los deudores a rebelarse contra la esclavitud financiera (Debt To Burn). Hoy en día en los Estados Unidos, tener deudas hace que no consigas pareja, o que te vean como [...]


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