Paul Craig Roberts exposes the corporate lead GOP leadership mindset. The support for state bankruptcy by Newt Gingrich and the Chamber of Commerce is an effort to wipe out union worker pensions, thus crippling the union movement.
This dovetails Gingrich's comments a few years ago on why he supported "free trade." Gingrich reluctantly stated that his support for "free trade" was that he thought it would put a death nail in state socialism. He admitted that this did not happen, but beside the increase in state socialism (i.e. statist capitalism) he still believes in the tenents of "free trade."
In 2005, Bush signed a tougher bankruptcy law that would require greater repayment of medical bills. At the same time, the GOP wants to cap financial damages for medical malpractice. Intersting isn't it?
Medical bankruptcy is one of the most common reasons people file.
Medical bills prompt more than 60 percent of U.S. bankruptcies
This year, an estimated 1.5 million Americans will declare bankruptcy. Many people may chalk up that misfortune to overspending or a lavish lifestyle, but a new study suggests that more than 60 percent of people who go bankrupt are actually capsized by medical bills.
Bankruptcies due to medical bills increased by nearly 50 percent in a six-year period, from 46 percent in 2001 to 62 percent in 2007, and most of those who filed for bankruptcy were middle-class, well-educated homeowners, according to a report that will be published in the August issue of The American Journal of Medicine.
Can't one distinguish between a person who's debt is caused by cancer treatments, and those who's debt is caused by gambling in Las Vegas or weekly shopping trips to the malls for needless material items?