Friday, March 11, 2005
Do As We Say, Not As We Do
Hmmm. Over at The Hill, they report that a goodly number of the House members about to take up the Barririers to Bankruptcy Bill have their own little debt issues:
I suppose it would foolish to hope...
"More than 40 members of the House reported carrying at least $10,000 in credit-card or charge-card debt in 2003 and parts of 2004, according to a survey of financial disclosure reports conducted by The Hill...Hopeful signs of humanity, or more fodder for hypocritical legislating?
Opponents of the bill drew hope from the data, suggesting that lawmakers who nurse high-interest debt might be more likely to sympathize with indebted consumers. High credit-card debt is often a factor in the decision to file for bankruptcy, although the root cause is usually related to a life-altering event such as a divorce, illness or the loss of a job, experts said."
I suppose it would foolish to hope...