Wednesday, March 16, 2005
Uh
The latest in evil Republican schemes to hurt people.
An absurd idea is heading towards approval. This silly concept is just ridiculous. It says that people who borrow money should be obligated to pay back that money. What kind of idiotic idea is that? We should totally get rid of Republicans.
A bill before Congress representing the biggest overhaul of bankruptcy law in decades would make it more difficult to use the law to erase debt and get a fresh start. Tens of thousands of consumers who now can look forward to extinguishing the debts that are overwhelming them would be forced into plans for repaying their creditors.
Yes, though another way to see that is that a bunch of creditors will soon be able to get more of their money back.
"The bankruptcy filing rate is the symptom. It is not the disease," wrote the professors. While some people do abuse bankruptcy, they argued that the bigger problem has been the way credit is marketed to consumers extending debt, notably credit cards, "to riskier and riskier borrowers" with the predictable consequence that more consumers are going belly-up.
Because we know that people can't refuse credit card offers. It's just not possible.
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