Bankruptcy Abuse Prevention and Consumer Protection Act  
did what is was theoretically supposed to do (not letting people who got into debt by going on spending sprees and generally being irresponsible with their money get out of debt while retaining the stuff they bought by filing for bankruptcy), and only that, then my only problem with it would be that Congress doesn't have a leg to stand on, since they're setting a terrible example by spending far beyond the government's revenue.

The problem is that it penalizes people whose debt was caused by medical problems (Kennedy's amendment failed 39-58, people who had their identities stolen (Bill Nelson's amendment failed 37-61, soldiers who are having a harder time paying the bills because they left their primary jobs to fight for our country (Durbin's amendment failed 38-58, primary caregivers who save the taxpayers money (Corzine's amendment failed 37-60, allows the rich to protect their money with asset protection trusts Schumer's amendment failed 39-56, doesn't protect people who lose their retirement savings due to Enronesque corporate malfeasance (Durbin amendment failed 40-54), allows abortion clinic blockers to get away with not paying court-ordered fines by filing for bankruptcy (Schumer's amendment  failed 46-53), and fails to do anything to protect naive consumers from the predatory credit industry (Durbin's amendment to prevent predatory lending failed  40-58, Dayton's amendment to limit interest rates on extensions of credit to 30 percent failed 24-74, and Akaka's amendment to require disclosure to consumers regarding the consequences of only making the minimum payments failed 40-59.