More reason for utter contempt of the Republican powerful

[docwebster]

(Snagged from the wise and holy Eschaton)



"Congress has tried repeatedly in recent years to pass similar legislation in what would be the most significant change in bankruptcy law in more than a quarter of a century. Twice in the last seven years, bankruptcy bills have passed both the House and Senate, only to face ultimate defeat. In one case, President Clinton refused to sign the legislation, saying it was unfair to consumers. In 2002, House Republicans initially backed the bill but then voted it down after an amendment was attached that sought to prevent individuals from using bankruptcy to shield them from fines imposed for illegal antiabortion protests.

Now two nearly identical bills have been introduced in Congress in the last week that are essentially the same as what House and Senate negotiators worked out in the last Congress, but lacking the controversial abortion amendment. The absence of the amendment, plus the Republican leadership's decision to begin deliberation now, early in the legislative cycle, has industry officials and lawmakers hoping a bill can become law within weeks."

Once again, the Republican powerful are sticking their noses up the backsides of big business and doing everything they're told to do.

This is my "not even remotely surprised" face.

Comments

[electramyst.livejournal.com]

i always thought it was funny...because for the past 13 years the republican party has relied on Bill clinton's penis in order to raise money.

just look at jesse helms
http://www.cnsnews.com/Politics/archive/200502/POL20050202b.html

[jarlsberg71.livejournal.com]

I'm half torn about this.... Cause I know in cases like medical emergency when people just don't have the $$, they can declare bankruptcy and reduce a lot of the debt, But I also feel that too many people aren't taken responsibility of their actions if you run up the bill not understanding what a credit card is and how it works and how revolving credit can make you pay for something you buy for the next 87 years, I really can't say that you should just have all your debts forgiven and can go on with your life.

It would be nice if the credit card companies wouldn't change rates as fast, but technically as a private comapny they are allowed to be anywhere from 0% to 29.99% apr. (anything above that is loan sharking :)