This report presents a liberating idea: the idea that we are not burdened down with unpayable debts that presage a decade of low growth, hard work and a miserable existence. Rather we live in a rich and vibrant society but one which is disfigured by an exploitative and iniquitous financial system. Green economist Molly Scott Cato argues that as a society, we need to face our debts head on and make an intelligent political decision about what to do about them, and that the decision to prioritise the repayment of debts no matter what the cost to public services is a political rather than an economic decision.