Bankruptcy bill still needs house approval/Kennedy fights 4 single parents

[DebJ]

Even if this wins in the Senate, the battle isn't over: next we have to hit the House hard.

It appears that Kennedy at least tried to stop the threat to child support by this legislation.

full text here, CNN : http://www.cnn.com/2005/ALLPOLITICS/03/09/bankruptcy.ap/index.html
(snip)

"The bankruptcy courts are filled with cases of hard-working single mothers who were pushed over the financial brink because they failed to get the child support they deserve," said Sen. Edward M. Kennedy, D-Massachusetts, author of an amendment addressing single parents. "Yet this bill would only tighten the screws, looking to squeeze out a few more dollars for the credit card companies."

The legislation, which vaulted its last major Senate hurdle on Tuesday, would constitute the most sweeping overhaul of U.S. bankruptcy laws in a quarter-century.

Senate passage this week and likely House approval of the bill next month would deliver to President Bush the second of his pro-business legislative priorities since Republicans increased their majorities in both chambers in November's elections.

(snip)

[whistle]

1. Ted Kennedy's speech in the senate was great today on this

...does anyone have a link to a taped version of it? It was on C-Span2.

[maxrandb]

2. "Bankruptcy bill still needs house approval??

ROTFLMAO

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[On the Road]

4. Hey, Congressmen are Closer to Their Constituents than Senators

and they run for reelection every two years. Regardless of their politics, they do not want to be facing an electorate that feels betrayed.

Maybe you're right to laugh. And maybe that will be the downfall of some marginal GOP congressmen.

[Media_Lies_Daily]

3. The chances of it NOT passing in the House are exceeeeedingly slim.

[Robert Oak]

5. i think the only thing is to broadcast all yea votes all over the web

as being congress woman/man xxx VISA yyy
and maybe these idiots who keep voting for these corporate drones
will get a clue.

The house is a joke...I mean, look at Tom Delay then on top of things..
the incompetent gets reelected 99% of the time.

[BigBearJohn]

6. I love Kennedy

[Rose Siding]

7. Multinational corporations need those dollars more than single moms!

Kennedy also tried to close the TX and FL homestead loophole used by the wealthy...

snip>
With Senate approval virtually assured after the bill cleared two key hurdles on Tuesday, backers on Wednesday rejected proposals to ease the impact of the legislation on families with children, young people below age 21 and people with below-median incomes.

They also turned thumbs down on a proposal by Massachusetts Democrat Sen. Edward Kennedy to close a loophole that benefits wealthier individuals in states with unlimited homestead exemptions, such as Texas and Florida.

"Millionaire deadbeats buy a huge mansion in Florida and Texas to shield their wealth from creditors. The harsh rules of bankruptcy being established by this bill will trap hard working middle class families, but the unlimited homestead exemption will allow rich debtors to escape," Kennedy argued.

His amendment would have capped the amount allowed for homestead exemptions at $300,000. It was rejected 47-53.
...
But Sen. Chris Dodd, a Connecticut Democrat, said the bill puts a straitjacket on families with children.

http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=7857089&src=rss/ElectionCoverage

[98geoduck]

8. I'll be boycotting everything there is to do with these companies.

Fucking BASTARDS!

[daleo]

9. "Fights for single parents", rather than "Fights 4 single parents"

The latter made me think he was against single parents.