Demand a Senate Filibuster of the Bankruptcy Slavery Bill

http://democrats.com/node/3696

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:

http://www.latimes.com/news/printedition/la-na-
bankruptcy4mar04,1,4148734.story

"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.

Please use our easy-to-use form to write your Senators now!

http://democrats.com/node/3696

Bob Fertik