As more people begin to look at the squeeze on middle class families, the impending changes in the bankruptcy laws look worse and worse. Both Republican Senator Vetter and Democratic Senator Feingold have proposed exemptions and modifications for Katrina victims. The details differ, but the central message is the same: bankruptcy is an essential middle class safety net, and the new amendments tear holes in that net.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1249971