"Debt Slavery What the Bankruptcy Bill Could Do to You"

Very distressing who will stop the sabotaging of middle and poor Americans? Will the House listen to the calls and letters being written to stop this bill? Big corporations have bought the govt and it's reps, there is no more govt of the people, by the people and for the people, it is now of the corporations by the corporations and for the corporations.



The U.S. Senate has passed a dream bill for credit card and financial service companies that, if passed by the House, will land millions of American families in debt slavery. Rather than being able to file for Chapter 7 bankruptcy and make a difficult new start, families and individuals will be placed on long-term payment plans to credit card companies, companies that will take their houses, their cars, their child-support payments, and their paychecks.

If you think you're unlikely to land yourself a share-cropping position in this new feudal system, ask yourself if you can be sure that no one in your family will get sick, be injured, die, lose a job, or get divorced. More than one in every 100 adults in America files for bankruptcy each year. If you're a child, the chances of your family filing for bankruptcy are about twice that. (Kids cost money.) These rates have doubled in the past decade. The basic reason that bankruptcies have increased is that personal debt has increased. In fact, in proportion to debt, bankruptcies are actually down.

About 50 percent of all families who are forced to file for bankruptcy do so as the result of medical expenses. And three quarters of those have health insurance. Another 40 percent have suffered a death in the family, lost their job, or gotten divorced, or suffered some combination of these factors and medical costs. Almost everyone who files for bankruptcy does so as a last resort. Sixty-one percent of those who do so have gone without medical care that they needed but could not afford. Fifty percent have failed to get prescriptions filled. A third have had their utilities shut off. Twenty-one percent have gone without food. Seven percent have moved their elderly parents to cheaper care facilities.

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then perhaps they will rise up. Until then ...

I continue to be impressed by the writing at the Black Commentator . . . their articles are invariably well-researched and comprehensive, something that certainly can't be said for the so-called "mainstream media" . . .

Especially by those not paying attention. If something catastrophic happens to these Red voters and they find out bankruptcy is no longer an option, there's going to be violence.