Comments on: What Would God Think Of the Bankruptcy Bill?

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By: Think Progress » One Year After Bankruptcy Bill, It’s Well Past Time To Crack Down On Predatory Lenders

Wed, 18 Oct 2006 18:40:51 +0000

[...] It’s well past time to install leaders who care about issues like predatory lending, rising mortgage foreclosure rates, increasing the minimum wage, and helping middle and low-income families. Americans deserve leaders that have the backbone to stand up and do something about their concerns. I’ve said it before, but I’ll say it again until it’s a reality — we need a government that works for all of its people, especially the most vulnerable among us. [...]

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By: Terry

Terry — Wed, 02 Mar 2005 13:40:17 +0000

The difference between credit card debt and alcoholism is that we as a society have no control over the biological “wiring” that causes some people to become alcoholics. But we do have control over the socioeconomic “wiring” that creates medical payment crises, no money to pay for college, and the many other reasons that people go bankrupt due to no social safety net.

By: Jon

Jon — Wed, 02 Mar 2005 03:23:41 +0000

By: daughter of Jah

daughter of Jah — Tue, 01 Mar 2005 21:49:22 +0000

I have been on a waiting list for 2 years for help with a pro-bono bankruptcy case. Yesterday had to have been one of the hardest days of my life when I read of this.

For you see, through no fault of my own, I can no longer take care of myself. I have been homeless for over 2 years now – in New England. I have been living in my car and now a van – during snow storms and all. This new law will surely almost gaurantee I will never get back on my feet again – and it breaks my heart. Not only for my own poverty but for others who I see out on the streets who have it even worse than myself.

By: joe

joe — Tue, 01 Mar 2005 21:12:43 +0000

The Bible provides for a year of Jubilee when all debts are forgiven. We don’t need bankruptcy, just a year of Jubilee every seven years. Andros, I’m waiting for someone to say what the religious right is going to do about levirate marriages.

joe

By: Andros

Andros — Tue, 01 Mar 2005 19:30:43 +0000

This is my dilemma…I welcome moderate voices from religious figures.. It’s ridiculous that most religious people have allowed the rapture right to capture their faith….
Obviously a great number of people’s actions are guided by religious beliefs, and the same people are influnced by the rhetoric of the political leaders who use religion and religious term while making policy.

However, and perhaps this isn’t good strategy right now, when are we going to challenge those who support their arguments not with reason, but with the irrational? I’m saying, when someone makes a reference to, say, the Bible to “prove” his point, why shouldn’t we challenge this?

Is the Bible the word of God? and, thus, infallible? Do we all accept that? Is everything in the Bible of equal value and validity? I’d assume so… we are we to judge?

Then (and I’ve heard this many times), is our nation founded on biblical moral values? Why, for example, homosexuality is condemned? Ok, maybe the Bible says so. But the same book also says that you shouldn’t wear mixed fibers, the non-virgin brides should be stoned, and that slavery is condoned if not approved (at least for 6 years of servitude)! Are these the morals we want?

And, being a man, I’d like to ask those religious people who oppose same-sex marriage, when they’re going to legally define marriage in the US as “a union between a man and his wives”?!!!!

Geeshus

By: spyder

spyder — Tue, 01 Mar 2005 19:16:51 +0000

Bernie could of course have provided Gospel textual examples as well. Didn’t that Jesus dude chase the money lenders out of temple? And, well, we know that our most heinous enemies, the muslims, have very specific edicts against usury in their book, the Koran. They punish it with more serious behaviors, as we well know. So i guess Congress is being good anti-muslims by encouraging loan shark corporations to continue to amass their profits on the tortured backs of US citizens.

By: David Yomtov

David Yomtov — Tue, 01 Mar 2005 18:47:14 +0000

It has always been my understanding that the banks charge high interest on higher-risk credit accounts in order to compensate for those bad debts that bankrupt out.

By: Russ Ruszkowski

Russ Ruszkowski — Tue, 01 Mar 2005 17:01:25 +0000

Yes, but in my America we have safeguards to protect the weak.

I think that part of the BIG DEAL about this bankruptcy thing was the credit industry’s E-Z lending terms. These are the types of credit schemes that get people into trouble.

Now, I’m sure there are plenty of weak people out there that are living loose with the credit cards, but if credit companies are going to give anyone with a pulse a credit card, then they’re going to have to live within the system – not just use their influence to change the laws.

Changing the ability of people to declare bankruptcy without changing the ways the credit companies lend money isn’t solving anything… It’s only protecting the profits of corporations.

By: Kathleen

Kathleen — Tue, 01 Mar 2005 16:47:31 +0000

I was listening to Charles Grassley (R) Iowa on the Diane Rehm Show on NPR this morning and he said that the credit card industry is not part of the problem, he likened them to the brewing industry, if you’re weak, you become an alcoholic, same thing with credit card debt, why should others pay for it?