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Saturday, January 21, 2006

Things we already knew

Posted by: Hammer / 11:14 AM

From the City Pages Blotter:

The first reports on the new bankruptcy law are trickling in, and they are embarrassing those who said that bankruptcy was loaded with deadbeats. The new law requires everyone--no matter the reason for filing bankruptcy and no matter how low their incomes--must take a credit counseling session before they can file for bankruptcy. The idea was to pressure those who could repay their debts into debt management plans and away from bankruptcy.

Much more here. Damn, but we need an actual policy apparatus in Washington. No more sops to the donor class. Democrats won't be perfect when they are back in charge, but they'll be far, far better.


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