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"Debt Depression"
Posted by: Shelley Schreiner
Date: 8/5/2008 4:33 pm
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Phil Gramm might have called it a mental recession. But mental health professionals are talking about a very real "debt depression."

The Atlanta Journal Constitution reports on a "rising tide of negative mental health consequences . . . among those struggling with job loss, home foreclosure, rising food and gas prices, and declining wages."  A few people, on the brink of losing their homes, have even committed suicide.

To top it all off, of course, millions can't afford basic health care, much less mental health care.

There's no simple cure for depression, just as there's no simple cure for the mess we find in our economy.

We do know that finding a way to provide health care for all and shift our country's energy dependence from oil to renewable power will help revitalize our economy. To help build the grassroots momentum we need for these changes, check out our Invest in US campaign.
 

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Latest Update

96 Hours for Change Has Begun

Friday night, we kicked off 96 Hours for Change: Progressive Future's Obamathon. Working in Coalition with Environment America, we will mobilize thousands of volunteers to talk to tens of thousands of voters in the four days leading up to the polls closing on Tuesday evening.


The Recent Outrage

The $140 billion Henry Paulson forgot to tell us about  11/13/2008

Apparently, $700 billion just isn't enough. Some of the banks who are buying up failing banks are also getting big tax breaks. How big? The tax break that Wells Fargo will get as a result of its acquistion of Wachovia Corp. is $20 billion. That's $5.2 billion more than the $14.8 billion it cost Wells Fargo to make the acquisition.


News We Can Use

The Promise of the Green Jobs

The Nation | 2008-11-12

"It's a rush," Alvarro Jasso explains as he talks about standing atop a windmill 260 feet in the air. An Operation Maintenance Servicer for Suzlon Energy, Alvarro thinks the lengthy 20-minute ladder climb to the top is well worth the effort.