On Tuesday, the Senate will vote on a Republican bill that would deny traditional bankruptcy protection to America's Middle Class, and force those who get sick or lose a job into permanent debt slavery to credit card companies. The bill is a Republican payback to MBNA, America's largest credit card company - and the single largest contributor to the Republican Party. Even though credit card companies are making record profits through outrageous late fees and interest rate hikes, there is simply no limit to their greed. Here's what the Los Angeles Times wrote about this bill:

The changes proposed in the Senate bill would fundamentally alter long-standing American legal policy on debt. Under bankruptcy laws as they have existed for more than a century, creditors can seize almost all of a bankrupt debtor's assets, but they cannot lay claim to future earnings. The proposed law, by preventing many debtors from seeking bankruptcy protection, would compel financially insolvent borrowers to continue trying to pay off the old debts almost indefinitely. "Until now, the principle in this country has been that people's future human capital is their own," said David A. Moss, an economic historian at Harvard University. "If a person gets on a financial treadmill, they can declare bankruptcy and have what can't be paid discharged. But that would change with this bill."

If you think debt slavery is un-American, then send an urgent message to your Senators to FILIBUSTER the Bankruptcy Bill. We must get 41 Senators to FILIBUSTER or the bill will become law, and every American will be one job loss or serious illness away from permanent debt slavery.

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More information and arguments on the question:
A significant number of people have asked for more information to help them decide their vote. Opinions expressed therein are not necessarily those of Democrats.com.
Proposed Amendments by Ted Kennedy		Bill Summary U.S. Senate Website
A Bill Bankrupt of Pity by E J Dionne		Complete Text S.256 U.S. Senate Website

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