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Archive for Tuesday, October 24, 2006

Just cause

October 24, 2006

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To the editor:

I am filled with disgust that 6,300 troops are given a pass on going into Iraq because of excessive debt (an AP story by Thomas Watkins in Friday's Journal-World, page 7A) when the military is forcing reserve troops to extend service or are being called back for another tour.

The military lays the blame at "payday loan" shops, and the president signed a bill to limit what could be charged to military personnel. Again, the president (and Congress) has done too little, too late!

Mob "loan sharks" were put out of business for charging excessive rates and for breaking people who could not pay up. Apparently, if the business is city-licensed and pays taxes, then the people who can least afford to pay are fair game for these companies.

I'm calling for the local political leaders to do what the federal and state leaders are influenced to not do. Let's outlaw "payday" loan practices, rates and ghetto image for everyone. Lawrence, and Kansas, could use some more national exposure for a "just cause" rather than conservative religious or eminent domain issues.

I would hate to know that my grandson or your son had to die in Iraq while others escaped combat because of a lack of political responsibility.

Joe Scribner,

Lawrence

Comments

jonas 8 years, 2 months ago

prioress: I think the point is that the people the places target are the very people who aren't able to properly reason through the issue enough to really GET what's going on.

Having said that, however, there is very little I think the government should have the authority to do. It is a free exchange, and limiting it poses some problematic precedents. (whee, unintentional alliteration!) As with most things, I think the only thing that will fix the problem is educating the populace enough to be able to see past the quick money, but that, of course, is not a quick fix-all solution, so I guess it should be saved until after the election.

Linda Endicott 8 years, 2 months ago

Well, no, prioress, a lot of people that use these places DON'T know what they're getting into. The interest rate isn't publicized, and sometimes not even mentioned when the person gets the loan. It's not until after the fact that they discover what they've gotten themselves into.

I agree with the letter writer. This kind of thing was deemed illegal years ago when the mob did it, and it should still be illegal. The only difference is that payday loan places don't break your legs if you can't pay.

At least, not that we know of yet...

Speakout 8 years, 2 months ago

Mr. Scribner, I hate to tell you that ALL of the troops that have died in Iraq, died because of the lack Political Responsibility. This continues daily and there is no other plan except "Stay the Course".

The Course doesn't work; too many have died; no gains have been made; the country is still in ruins and the Republicans want to stay in office? I am APPALLED that this country does nothing about it.

Lets elect a new congress or at least get the incumbents out of office.

prioress 8 years, 2 months ago

No one forces people to borrow the money; they know what they are getting into.

acg 8 years, 2 months ago

I agree wholeheartedly. Those places are evil and I've seen friends get payday loans for $500 that in the end cost them over $3000!

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