biblical debt jubilee

What if I just delete all or part of the debt in the U.S.?

This would help stimulate our economy? A similar to what I think the year of Jubilee were the Bible days? I know I've heard that the Jubilee year did not work, as they offer loans that were less than one year during Jubilee year (seven years?) Doing nothing really forgiven, collecting all debts. But what if you actually did a "one time" the forgiveness of Debt is all or part of the debt. This would help stimulate our economy and create more problems? I guess when I talk about debt, I'm not looking to companies mortgage or car, but rather as student loans, small loans, a portion of the debt of credit card, etc. I am not a financial expert, is only a thought and want to know what are the possible outcomes would be good or bad. Thanks! Thanks Ashley, I've never seen. But idea that the economy was hurting in the back of my mind when I asked the question. This is a very good point.

Well, actually, if only the debts forgiven id is unemployed. I work with a loan company and if they were not allowed to collect debts or things because of that forgiveness, I and the rest of my colleagues and all others in the development industry would be unemployed. suddenly there was a period of forgiveness and all my clients in my drawer, because people pay for this Suddenly month did not pay me. it goes a little pocket change LARGGGGGGEEEEE companys. I would not have money to pay rent for our offices. I would not have money to give new loans. I would not have money to pay all invoices from us. I would not have used the money to pay. yes, we have a lot of money the bank but if people arent paying their loans, possibly this money in the bank will fail, then we're screwed. the same would be true anywhere in the U.S. edit: thanks for seeing my point of view. I immediately got to the point so when I read the question and even thought about how it would operate in a perfect world. as, honestly, if your idea was to work should be absolutely ideal conditions. I still pay some debts for things like that. otherwise if people knew they had this period of reference, you have a lot of people trying to take out loans during this period. just have not have enough money! So do not mistake, I do not see where it went, just that this plan only works in a world absolutely perfect