Debt Quote by Rush Limbaugh
![“This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/646/rush-limbaugh-28_debt_this-is-a-derivative-if-you-will-of-clow_2980111.jpg)
“This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.”
About This Quote
Source Radio Show: The Rush Limbaugh Show, 2005
He describes a plan to force banks into renegotiation by coordinated debt strikes.
In simple terms: He proposes a mass debt strike to pressure banks.
Key Takeaway
Mass action can force financial change.
Themes
economics
political strategy
activism
Mood
critical
cautious
Type
political
controversial
When to use this quote
- financial crises
- political protests
- policy debates
Key Concepts
debt
banking
collective bargaining
Questions to Reflect On
- Is collective debt action ethical?
- What are the risks to ordinary borrowers?
A Different Perspective
Such tactics risk legal repercussions and economic instability.
![“[Steven] Lerner's plan starts by attacking JP Morgan Chase with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/f16/rush-limbaugh-28_annuals_steven-lerner-s-plan-starts-by-attacking_2649832.jpg)
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![“The real leadership of the opposition is never, ever gonna do anything but continue to ramp up efforts to stop [Donald] Trump or destroy Trump.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/d7e/rush-limbaugh-28_effort_the-real-leadership-of-the-opposition-is_5653.jpg)
