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Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008

Date: April 16, 2008
Location: Washington, DC
Issues: National Security Environment


JUBILEE ACT FOR RESPONSIBLE LENDING AND EXPANDED DEBT CANCELLATION OF 2008 -- (House of Representatives - April 16, 2008)

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Ms. MOORE of Wisconsin. Mr. Chairman, I would certainly like to thank Representative Waters, Representative Bachus, Chairman Frank and Speaker Pelosi for their outstanding stewardship on debt relief and for bringing this important measure to the floor today.

When governments are burdened with overwhelming and unmanageable debt, it prevents them from providing rudimentary quality of life to their citizenry, and that is access to clean water, modest shelter, basic nutrition, education and health care. When citizens are living on less than $1 a day, civility, democratization of institutions and innovation are greatly compromised or made improbable.

Therefore, it is not only our moral obligation to relieve debt, but it is in our national interests to promote a sustainable world with cooperating partners in our efforts to address global problems such as pandemic diseases, climate change and the prevention of genocide and terrorism.

I would urge all my colleagues to support H.R. 2634 and join in this day of jubilee.

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