Easy bankruptcy laws represent a "moral hazard" for spendthrift Americans who don't save anything at all. I say, make them pay dearly for their profiligacy. ("Emanuel" comment here)
This is standard issue rightwing rhetoric. The reality, as any one who is paying attention knows, is that as the basics go up, the wages slowly shrink. The reality is that 75% or so of bankruptcies come from a combo of bad health and bad marriage.
So, the question that needs to be asked is, what does this attitude represent?
It's a telling example of 'Americans treat Americans like sh*t'. We're flushing our middle class into the sewer on the strength of a punitive rightwing moralism which isn't, in fact, moral at all: it's hatred dressed up as righteousness. It's the equivalent, in many cases, of kicking the crutches of the lame, of throwing a rock through the windows of a school.
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