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Reply #36: Just saw this good LTE [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
sarahlee Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-05-05 01:09 PM
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36. Just saw this good LTE
Dear Editor:
The "compassionate conservative" Republicans in Congress unanimously rejected every single amendment that the Democrats proposed to their Draconian Bankruptcy Abuse Protection law, which protects the large businesses, which can still declare bankruptcy under the laws, from irresponsible consumers who have the audacity to get sick, or have crushing medical bills, or get called to serve in our armed forces and run into serious financial trouble. As an example, this one amendment, which would have protected employees and retirees' pensions in the event their company declares bankruptcy and takes their pension funds to pay off other debtors, was unanimously rejected by Republican senators in the US Senate:

03-Mar
On the Amendment S.Amdt. 49
Durbin Amdt. No. 49; To protect employees and retirees from corporate practices that deprive them of their earnings and retirement savings when a business files for bankruptcy.

REJECTED

The Republicans in the Senate also unanimously rejected the following: rejected the protection of the home as an asset for the elderly in the event of bankruptcy; rejected the protection of servicemen and veterans from means testing and the protection of their homes in bankruptcy; rejected the protection of those whose bankruptcy was caused by medical debt, or by caregiving to an ill or disabled family member; rejected protection of bankruptcy by those whose financial woes were caused by identity theft; rejected a 30% interest limit on an extension of credit extension by credit card companies; preserved bankruptcy protection for people who put their assets in a trust fund, which cannot be touched by the bankruptcy.

The Republicans in Washington DC, along with a handful of Democratic senators, with their tax cuts for the wealthiest among us, their attempted dismantling of Social Security and their undercutting of the last protection for the desperate among us, have shown their compassionate conservative side once again by trying to destroy the middle class. Is this what George Bush's mandate meant???

Regards,

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