Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Tell Congress to Vote NO on the "Debt Slavery" Bankruptcy Bill in the Hous

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 06:21 AM
Original message
Tell Congress to Vote NO on the "Debt Slavery" Bankruptcy Bill in the Hous
Any day now, your Representative in Congress will vote on a hugely important Bankruptcy Bill (H.R. 685) that could literally change your life.

The bill was written by the credit card industry, which made $30 billion in profits in 2004 - and is blinded by its greed.

It will change current law and prevent you from declaring bankruptcy under Chapter 7, which pays off your debts by liquidating your assets. Instead, it would force you into Chapter 13 with a rigid 5-year repayment plan. You would no longer be able to protect your car and home, and you would have to pay greater legal fees.

Simply put, you would become a debt slave to the credit card companies.

http://www.democrats.com/peoplesemailnetwork/31
Printer Friendly | Permalink |  | Top
HysteryDiagnosis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 07:02 AM
Response to Original message
1. Otherwise known as usury.... the Xtian base that rove and shrub
have so successfully amassed.. may be a little upset with this... one can only hope.. then again, if everybody becomes a corporation, there won't be any problems.

I wonder if they are going to pass legislation on interest rates... say, limiting them to oh perhaps 8 or 9 percent.... nah, didn't think so.

http://slacktivist.typepad.com/slacktivist/2005/03/on_usury_2_of_3.html
Dr. Yunus' emphasis on empowerment, I think, gets at the essential meaning of usury.

Lending can empower or it can exploit. The former is a good, the latter is evil -- the sin of usury. Lending at interest enables lenders to continue their business of empowering. It was in recognition of this that Christians -- right around the same time as the modern market economy was developing -- began reconsidering the meaning of the prohibition against usury.

Our understanding of the principle changed, but the principle remains. Exploiting debtors is the sin of usury whether it is done by Dante's Ubriachi or by MBNA and its puppets in Congress.

>>TrackBack URL for this entry:
http://www.typepad.com/t/trackback/2012261

Listed below are links to weblogs that reference On usury 2 (of 3):<<
Printer Friendly | Permalink |  | Top
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 07:10 AM
Response to Reply #1
2. I've also heard that CC companies have or are prepared to raise the %
Edited on Wed Mar-30-05 07:11 AM by notadmblnd
from 2% to 4% doubling most peoples minimum payments. I know I read it here a few days ago. There were 3 major companies taking this action. This would mean that if you have a 50.00 minimum payment it would turn into a 100.00 minimum payment. If you have more than one card, It could hurt.
Printer Friendly | Permalink |  | Top
 
AzDar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 06:43 PM
Response to Reply #1
5. Kick!! eom
Printer Friendly | Permalink |  | Top
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 07:51 AM
Response to Original message
3. a shameless kick for the morning crowd
:kick:
Printer Friendly | Permalink |  | Top
 
HysteryDiagnosis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 06:32 PM
Response to Reply #3
4. Not to change the subject, but while we are on the subject of
slavery.... looky here what has been going on in brother jeb's state.... how simply surprising.... not. Maybe this deserves a new thread in GD... really click on the link... unbelievable...


http://www.palmbeachpost.com/hp/content/moderndayslavery/
Slavery is not just the shameful stuff
of history books - not in Florida
The Palm Beach Post presents a three-part examination of slavery,
its costs and its effects - on the migrant workers, and on you

http://www.migrationint.com.au/ruralnews/palau/jan_2003-06rmn.asp
Three men, brothers Juan and Ramiro Ramos, and a cousin, Jose Ramos, were sentenced to 10 to 12 years in prison for enslaving 700 unauthorized workers in Florida's citrus groves near Lake Placid in Okeechobee County from January 2000 to June 2001; they also forfeited $3 million from their immigrant smuggling operation. The Ramos' R & A Harvesting, Inc charged workers a $1,000 smuggling fee, and deducted it from the workers' wages.

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon May 06th 2024, 12:36 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC