What’s Hurting the Middle Class

On April 20, 2005, George W. Bush signed into law a bankruptcy bill that had been pending in Congress for eight years. The bill was written by credit-industry lobbyists, shopped to their friends in Congress, and supported by tens of millions of dollars in lobbying and campaign contributions. It might be dismissed as just one more piece of highly focused special-interest legislation except for the damaging vision of middle-class America that it reinforced: irresponsible people consumed by appetites for goods they don’t need, who think little of cost, and who would rather file for bankruptcy than repay their lawful debts.

Source: Boston Review
Published: Sep 1, 2005
Length: 26 minutes (6,606 words)
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