Here is the thing. So many people are walking away from their houses. So many people are filing for bankruptcy. People are just not paying their credit cards, their car payments, ect. How long...or should I say how many people have to do this before the government says "Hey, you cant ALL just walk away from your debts!" These people they cant just throw in jail because the jails are already underfunded and overcrowded. They are already releasing prisoners because they cant support them. So if a man knows the government will not throw him in jail for his lack of debt payment because the jails are too full/underfunded, why would he pay his debt? Well, i think the government would have to produce labor camps. Make the debtors pay their debts in these camps. They would be paid a fair wage, BUT...the government would overcharge them for housing/feeding these people which would make their real wage very low and thus take a long time to pay off the debt. The government would justify it by saying these people need to learn a lesson about paying your debt. The government would also get our manufacturing up by forcing these people to do labor and the labor that these people do would fund the labor camps (basically prisons) they are in. Only difference is that there would be no murderers/rapists/violent offenders in these camps. How many people will need to walk away from their debt before this happens? Surely the government will not let EVERYONE walk away.