Bankruptcy Bill Open-ThreadSo it occurs to me that I don’t understand the Bankruptcy Bill at all. I am sure that it is a bad Bill because many people who’s political views I respect have said so, but I have no ammo whatsoever in defending that position. I was talking to my friend last night, and he made a good point. If you borrow 3000 dollars from someone, then why shouldn’t you have to pay it back? Is there something that I don’t understand here?
Now, I am against the Bill, but I would like to hear more details about it, so that I have more ammo the next time around. Consider this the Bankruptcy Bill Open-Thread.
(Update, By Dan: The Bill has been signed into law by the President. Thank you Congresswoman Schwartz, for turning your back on all of us.)