http://www.nytimes.com/aponline/national/AP-Bankruptcy.htmlMarch 2, 2005
Senate Rejects Senior Homestead Protection
By THE ASSOCIATED PRESS
Filed at 1:23 p.m. ET
WASHINGTON (AP) -- The Senate on Wednesday rebuffed a Democratic attempt to provide senior homeowners special federal protection from a proposed law making it harder for people to erase their debts in bankruptcy.
Mostly along party lines, it voted 59-40 to reject a proposed amendment that would have allowed older people to get special homestead exemptions allowing them to keep their homes when they file for bankruptcy. Currently, such exemptions are determined by the states.
``Seniors are the people who need the exemption most,'' Sen. Russ Feingold, D-Wis., said during debate before the vote.
But Sen. Orrin Hatch, R-Utah, argued that the bankruptcy overhaul bill as written already provides protections for elderly people and that, when it comes to homestead exemptions, ``The choice belongs to the states.''
GOP attacks AARP over Social Security
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By David Espo
http://www.salon.com/news/wire/2005/03/02/gop_attacks_aarp/print.htmlMarch 2, 2005 | Washington -- Republicans attacked the AARP as well as congressional Democrats on Wednesday as they struggled to build momentum behind President Bush's call for personal investment accounts under Social Security.
The AARP, which claims 35 million members age 50 and over, is "against a solution that hasn't been written yet," said House Majority Leader Tom DeLay after a closed-door meeting with the GOP rank and file.
He called the group's opposition to personal accounts irresponsible and hypocritical, adding that it sells mutual funds to its own membership.
A spokeswoman for the organization had no immediate comment.