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Thursday, April 28, 2005

Betrayal

The Memphis Flyer denounces the five Tennessee Democrats who voted for the bankruptcy “reform” bill (a “Christmas gift” to credit card companies, according to one opponent) as betrayers of their party’s New Deal heritage:
As various judges and experts in bankruptcy law had warned in testimony before Congress, the new law will impose hardships on families afflicted by catastrophic financial crisis resulting from illness, layoffs, and other unexpected loss of income. These are, in fact, the chief reasons for most personal-bankruptcy filings, and the new law strips away the meager protections that had previously offered middle- and low-income Americans some shelter.
posted by gary ashwill at 2:36 PM | Email this post | Post a Comment
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