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View Diary: The Bankruptcy Bill, Examined (240 comments)

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  •  People are more important than corporations. (none)
    Bankruptcy laws are in place to protect people. Bush Co wants to protect the creditors - but no laws have been passed to protect us from reckless corporations that go bankrupt. Why should Corporations get better protection than people? People are more important than corporations.

    If we have no safety net when we fall on hard times (because for instance Enron runs off with our savings), then all the debt of the failed corporations gets passed on to us, it falls on our backs. The deficit is all of the government debt getting passed on to us, falling on our backs. The radical changes in taxes, protection law and social security shift the debt burden, the deficit burden, and the war burden onto the backs of the people. It is wrong to put this unfair burden on Americans and their children.

    We are the creditors to the corporations - we the taxpayers, we the stockholders, we the workers who have pension plans and 401ks, WE the people. WE ARE THE CREDITORS. Where is our protection?

    •  People Are (none)
      ..mankind (is) more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
      T.J.

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