Monday, February 28, 2005

The Repukitans seeing certain economic demise, push anti-American / Pro-Nabob bankruptcy bill

Bill Frist, the Senate majority leader, appeared before the US Chamber of Commerce this month, boasting of the actions made possible by the Republicans' strengthened majority.
Celebrating the passing of a bill to limit class-action lawsuits, he told the business group: "We can deliver on issues that in the last Congress were tough."

On Monday, Mr Frist is hoping to deliver on another, as the Senate begins debate on bankruptcy legislation that has vexed Congress for years.

The measure, first considered in 1997, would make it more difficult for consumers to wipe out their debt by declaring bankruptcy. "Instead of falling back on bankruptcy as an option of last resort, more Americans misuse it as a financial tool to wipe away their debts altogether," says Chuck Grassley, author of the bill. Cont.


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