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MOCs Talk About the JUBILEE Act

"It’s the right thing to do for us. It’s the right thing to do for the countries that are heavily indebted. For us it’s a good thing because it makes the world safer. It makes the world more stable. And it is the right thing to do for growing democracies because the greatest threat, I think, to democracy and freedoms is poverty."
Rep. Spencer Bachus (R-AL)

"The Jubilee Act would require the IMF to cancel all of the debt owed by heavily indebted poor countries. The Jubilee Act would provide complete debt cancellation to all of the poor countries included in the IMF’s debt relief program, as well as Kenya, the Philippines, South Africa and several other poor countries that have yet to benefit from debt relief. All of these impoverished countries deserve to have their debts cancelled once and for all," she says.
Rep. Maxine Waters (D-CA)

"Should gold sit wherever the IMF keeps it? Or should the money that that gold represents be used to alleviate some of the most desperate poverty in the world. I don’t know how anybody can think that’s a hard question."
Rep. Barney Frank (D-MA)

All of these quotes are from the launching press conference for the JUBILEE Act, held on June 3, 2004.

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