More than 80% of families are in debt and almost 30% form the “country of defaulters”. According to the government, launched less than three years after the original Desenrola, it addresses the problem of tens of millions of Brazilians suffocated by financial debts. False: the program is intended to solve the problem of a single Brazilian, who apparently does not experience default and is called
Desenrola 2.0 became necessary thanks, at least in part, to a legalized crime (consigned credit) and its rules legalize another crime (the partial transfer of FGTS to financial institutions). Interestingly, the Justice system fails to support both of them.
The explosion of public payroll loans went hand in hand with the growth in debt among civil servants and retirees. These modalities are around 20% to 24%, something five to six times the inflation of 2025. The private sector’s payroll balance grew more than 140% in one year, while annual interest rates reach a stratospheric 59%. The phenomenon results from the replacement of card and special check debts but, by compressing available family income, it feeds back into traditional bank debt.
The government wins, harvesting votes through the anabolization of consumption. Banks win, operating a wheel of fortune that exchanges negligible risks for exorbitant profits. The losers are the families, who incinerate their income on the creditors’ sacrificial pyre. Justice pretends not to see the illegality. Garnishment of salary or retirement is prohibited by article 833 of the Code of Civil Procedure, but the distinguished judges of a STJ-legislator decided to “make it more flexible” in order not to disturb the “business of Brazil”.
The root cause of widespread default is interest rates. The root of the colossal interest rates is a punitive Selic designed to counterbalance the government’s expansionary fiscal policy. In the four years of Lula 3, the fiscal framework “deceive me and I like it”, pierced by a thousand and one exceptions, will produce an increase of ten percentage points in the public debt/GDP ratio. Mass default is based on “spending is life”, the pyramidal economic theory formulated by Dilma Rousseff.
It unfolds through the blatant violation of the law – or, in the fashionable euphemism, through its “flexibility”. Desenrola 2.0 allows extraordinary withdrawals from the FGTS to pay off financial debts. Originally, in 1966, the dawn of the military dictatorship, the FGTS was invented to suppress workers’ ten-year stability. The legislation established the fund’s objectives: to protect employees in the event of unemployment and to finance their own home.
Now, under profound silence from the Public Ministry, the “workers’ government” provides the direct transfer of 20% of the fund to creditors. The “flexibility” of the amount authorized for withdrawals is awaited, in line with the “flexibility” of the portion of the income that can be committed to the consignment and, also, the interest rates of the consignment itself.
What will be the interval between the second and third unfolds? Who will unfold the last Unroll? It doesn’t matter: Desenrola 2.0 doesn’t care about the law or the future. It focuses on two holy days, which are the 4th and 25th of October.
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