Bummer

The Bankruptcy Bill has passed in the US House and Senate. What a bummer and horrible bill.

Here is background from Common Dreams:

Debt Slavery: What The Bankruptcy Bill Could Do To You
by David Swanson

The U.S. Senate has passed a dream bill for credit card and financial service companies that, if passed by the House, will land millions of American families in debt slavery. Rather than being able to file for Chapter 7 bankruptcy and make a difficult new start, families and individuals will be placed on long-term payment plans to credit card companies, companies that will take their houses, their cars, their child-support payments, and their paychecks.

You can read the rest of the article here.

And, if you think that it is just progressives that have a problem with this bill, then you should read this too.

--Sorry to go all US politics on you. Will try to prevent it in the future.--