On Nov. 15, Neutral Milk Hotel’s Jeff Mangum will join Sonic Youth’s Lee Ranaldo, Fugazi’s Guy Picciotto, TV on the Radio’s Tunde Adebimpe and others for a “variety show and telethon” to benefit an OWS aligned group devoted to spreading the word about predatory debt practices, student loans, and eliminating debt.
Organizers are calling it “The People’s Bailout.”
Mangum showed his love for Occupy Wall Street last year with a surprise performance at Zuccotti Park, but this event at Le Poisson Rouge hopes to raise $50,000 for Strike Debt, which according to their website believe “debt is a global system of domination and exploitation of the 99% by the 1%.”
Join Strike Debt for an updated version of an old classic, the telethon, to launch The Rolling Jubilee, a campaign that buys debt for pennies on the dollar and does away with it. Instead of collecting the debt, we will abolish it and help free the debtors!”
Other guests include Janeane Garofalo , Lizz Winstead , Max Silvestri , Hari Kondabolu , David Rees , The Yes Men , John Cameron Mitchell , Climbing PoeTree , the Invisible Army of Defaulters , members of Healthcare for the 99% , Occupy Faith and many more
In case you can’t make it all the way into Manhattan for the show, the event will be streamed live, but tickets go on sale Friday, November 2, starting at $25 – enough to abolish an estimated $500 worth of debt
Editorial note: While personal debt plagues many Americans, and does in fact restrict social movement and personal liberty, prominent economists argue that greater government spending, thus national debt, is needed to get the nation out of the unemployment slump.