Thompson Backs Bankruptcy Bill
Much to my surprise, Congressman Mike Thompson voted FOR the Bankruptcy Reform Bill. The President is supposedly waiting to sign it. Those on the Left are probably furious. I'm not really one way or the other but after thinking about the issue a bit, I supported it as well. Of course, you never know what unintended consequences will emerge from any legislation. Being forever skeptical, I suspect some bad things may arise from this legislation. That's to be expected.
That said, I think people should be responsible for their bills. You can't pile up a bunch of debt and then run to court and get out of paying what you owe. Remember, though, this just rearranges the way the bankruptcy laws are applied and some folks, especially around here, will still be afforded the old "protections". People need to be responsible for their debts.
And you're hearing that from someone who might well have had to file for bankruptcy about a year and a half ago but chose to not even consider it.