Too Poor to Go Bankrupt
(broadcast stream ) (.mp3 download)
The new bankruptcy bill wending its way through Congress protects the right of rich people like Donald Trump to declare bankruptcy, as well as corporations like Enron that fail to fund their employees’ health and pension plans.
But if such an employee should fall ill and use his credit card to pay for hospital bills to save his life, the Republicans in Congress insist that every penny be paid back.
Corporate scofflaws and rich people avoiding payment of debts are understandable. But lower middle class individuals should be held to account for life for their purchases!
Find out the details of a bill solidly rejected in the 1990’s that has been passed by the Republican Congress and is about to signed into law.
And oh…if you want to declare bankrupcy, make sure you’re rich enough to afford it!