With virtually no public debate, the Senate Judiciary Committee easily passed the "Bankruptcy Abuse Prevention and Consumer Protection Act" a few weeks ago. Three Democrats--Joe Biden, Dianne Feinstein and Herb Kohl--assisted Republicans in shuttling through the anti-consumer, pro-debt giveaway to the credit card lobby.
Under the guise of reform, the bankruptcy bill makes it harder for poor people, women, the elderly and service members to pay off their debts. To solidify the bill's success, big credit gave $101 million to political candidates and party committees over the last six years, the most of any lobby. Republicans accepted 64 percent; Democrats 36 percent.
Despite their financial indebtedness, Democrats have managed to block the bankruptcy bill twice before in the past seven years, through a Bill Clinton pocket veto in 2000 and an amendment by Charles Schumer in 2002. Cont.
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