I Want to Save a Child's Sight!

Thursday, March 03, 2005

Bankrupt Congress

Bankrupt Bankruptcy Bill: "Mostly along party lines, the Senate voted 59-40 Wednesday to reject a Democratic amendment that would have allowed older people to get special homestead exemptions to keep their homes when they file for bankruptcy. Currently, such exemptions are determined by the states."
Those voting with the Republicans against the elderly: Carper, Biden, Johnson of SD and Nelson of NE. [Senate]

Also voted down (59-40), a Democratic proposal to force credit card companies to disclose how long it would take to pay off debt by only paying the minimum payment. It would also show the amount of interest accrued as a result of only paying the minimum (which is all most people can afford nowadays). [Kos] [NYT] [NYTO]

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