An offshoot of Occupy Wall Street called Strike Debt has launched a movement called Rolling Jubilee that seeks to eliminate debt by purchasing it from financial firms and canceling it so borrowers do not have to repay.
On Sunday, President Obama and members of the U.S. Congress agreed to cut at least $2.4 trillion from federal spending over the next 10 years, some of which will come from programs that benefit retired Americans. (more)