Wednesday, March 09, 2005
Red states will have to pay more when this bill passes.
Dismantling Social Security seems to be just the beginning. Congress is quickly moving along, a proposed bill to strengthen a credit-card-company-sanctioned bill that evokes such dramatic changes that even Red states may now start paying more attention to what is happening to their American way of life.
On Monday, the U.S. Senate voted down efforts to tack a minimum wage hike onto bankruptcy legislation. Some people may ask what bankruptcy bill?
Sponsor: Sen. Grassley, Chuck (introduced 1/31/2005) Makes it considerably harder to claim bankruptcy and be able to limit what a judge may be able to shield from the credit companies.
A solid block of Republican senators, assisted by some Democrats, has already voted down a series of amendments that would either have closed loopholes for the rich or provided protection for some poor and middle-class families.
Consumer-advocacy groups say people who seek bankruptcy protection apply for it because of medical issues, divorce or job loss.
Exemptions were filed as attachments to this bill; such as one to make it easier for the elderly to protect their homes from bankruptcy, to shield people who filled because of medical issues, and to protect veterans. Democrats submitted each exemption and each exemption was shot down by the Republican-controlled Congress.
Loopholes to allow rich debtors to shield millions during bankruptcy were however kept in tact.
It is one thing to mess with east and left coast liberals but now this administration is messing with his base. Since a high rate of bankruptcies actually occur in Red states.
Dismantling Social Security seems to be just the beginning. Congress is quickly moving along, a proposed bill to strengthen a credit-card-company-sanctioned bill that evokes such dramatic changes that even Red states may now start paying more attention to what is happening to their American way of life.
On Monday, the U.S. Senate voted down efforts to tack a minimum wage hike onto bankruptcy legislation. Some people may ask what bankruptcy bill?
Sponsor: Sen. Grassley, Chuck (introduced 1/31/2005) Makes it considerably harder to claim bankruptcy and be able to limit what a judge may be able to shield from the credit companies.
A solid block of Republican senators, assisted by some Democrats, has already voted down a series of amendments that would either have closed loopholes for the rich or provided protection for some poor and middle-class families.
Consumer-advocacy groups say people who seek bankruptcy protection apply for it because of medical issues, divorce or job loss.
Exemptions were filed as attachments to this bill; such as one to make it easier for the elderly to protect their homes from bankruptcy, to shield people who filled because of medical issues, and to protect veterans. Democrats submitted each exemption and each exemption was shot down by the Republican-controlled Congress.
Loopholes to allow rich debtors to shield millions during bankruptcy were however kept in tact.
It is one thing to mess with east and left coast liberals but now this administration is messing with his base. Since a high rate of bankruptcies actually occur in Red states.
# posted by Thomas @ 12:37 AM 
