Cancel ALL debts to stimulate economy!

If our legislature were to cancel all credit card, mortgage, education, auto, title loan & payday/quick cash debt, we would be able to recover the economy with our own dollars without raising any taxes. The banks would have to serve their customers and find better ways to help people fund purchases. Obviously this downturn has hurt all Americans, and if we were to give everyone a clean slate January 1st, 2014, we would finally see money being pumped into our free market economy- by the PEOPLE. The old credit system is broken, let us bring in a new system! The legislature should turn to Ethical Banks to devise a new credit system and finally make education free from kindergarten to a bachelors! Finally, a stimulus that costs the taxpayers nothing to fund and takes big business down a notch