Occupy Wall Street and their far-flung allies might as well give up on addressing their demands to the government, at least for the time being. The slogan ought to be something like “We’re tired of being pawned off on the help; from now on, we insist on dealing directly with the masters.”

And the plan should be to spend the next several months developing, articulating, and organizing toward a major national mortgage and student-loan strike. Such a loan strike would begin—provided enough people sign on in advance (and I’m talking hundreds of thousands), and unless a concrete set of intervening demands is squarely met in the meantime—on, say, October 1, 2012, right in the middle of the next presidential campaign…

The Occupy movement could enlist the advice of sympathetic economists and loan experts to craft the precise terms of the demand. In addition to the alleviation of tremendous amounts of individual and family anxiety and suffering, the more generalized goal of the reset—and incidentally, why is it that up till now in this crisis only the improvident banks and investment houses have been allowed to reset the terms of their deals, without any penalty, whereas none of the rest of us have been accorded similarly revivifying largesse?—would be to free up all sorts of spending money at the lower reaches of the economy where it might actually do some good.