Give back life I gaveyou pay me my money downso there's no questionI did it for love for anythingbut desireput tarnished nickel in my dishso guard will knowwhen he comeswith bleeding chickentied to his wristwith bitter promisethat we are not kinuncomm i tied for ever.-Audre Lorde, Generation IIIWhat, precisely, does it mean to say that our sense of morality and justice is reduced to language of business deal? What does it mean when we reduce moral obligations to debts? What changes when one turns into other? And how do we speak about them when our language has been so shaped by market? -A debt is obligation to pay certain sum of money. As result, debt, unlike any other form of obligation, can be precisely quantifiedOne does not need to calculate human effects; one need only calculate principal, balances, penalties, and rates of interest....-Graeber, Debt: The First 5,000 YearsAs editors, we share personal debt-and professional lifetime of giving and receiving-to City University of New York, Hunter College, and PhD programs in Political Science (Ros) and English (Meena) at CUNY Graduate Center. These have been academic homes whose students and colleagues have nurtured our thinking for so many years but also incubator of some troubling thoughts about meaning, in everyday life terms, of debt. The question of whole generation of young people bound by student debt is something that we see close at hand. It forms part of whole chain of injustices that affect them not only as students but also as recent immigrants (or children of immigrants), working-class people, and victims of racism and gender inequality-imminent castaways in precarious job market, in addition perhaps to their being foot soldiers in armies of medically uninsured and credit-deficient.So our decision to devote an issue of WSQto theme of was initially driven by outrage we shared with Occupy Movement, Occupy Student Debt Campaign, and their many allies across globe at ways in which higher education-our work world-has become a profit engine for financiers, asset speculators, and real estate developers (Occupy Student Debt Campaign 2013). As our CUNY colleague, sociologist Jack Hammond, has written concerning the student debt bubble, 'At more than one trillion dollars, student loans have grown to exceed total credit card debt. Debt has become standard part of college experience. Students take it on because they expect it to pay off in better jobs and higher salaries. But many will be disappointed (Hammond 2012). Monica Johnsons marvelous graphic novel, The Adventures of Dorrit Little, one chapter of which is printed in this issue, illustrates dire experience and limited choices of typical student slaving away at low-paying, food service job while contemplating lifetime of debt that grad school is likely to entail. Moreover, as Dorrit s wan expressions only hint at, new findings by medical researchers at Northwestern University show that stresses of having to pay off massive loans are hitting young people with health as well as financial costs-in form of higher blood pressure, hypertension, and depression (Von Hoffman 2013). Is student debt becoming an apparatus for training and disciplining bodies, an apprenticeship in debt enfranchisement? Has debt become newly normal way of performing citizenship?Debt is thus not only bleak reality that corrodes our institutions, families, and communities; it also raises larger political, philosophical, and historical questions that resonate globally. In contemplating an issue of WSQ. that would capture this landscape, we asked, what does it mean to live in world of debt-whether you are college student in United States, struggling farmer in India, homeowner, or country? …
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