Bernie will and should bring up Biden's Iraq War vote

[Buzz cook]

91. It was about way more than that.

And it is avoiding the facts to claim that it was only one point of disagreement.

https://psmag.com/economics/bankruptcy-reforms-poor-legacy-4204

In July, Michael Simkovic, a former fellow at Harvard's John M. Olin Center for Law and Economics, wrote that "the data suggests that although bankruptcies and credit card company losses decreased, and credit card companies achieved record profits, the cost to consumers of credit card debt actually increased. In other words, the 2005 bankruptcy reforms profited credit card companies at consumers' expense."
Snip
"I doubt that it was the intention of even those who voted for the bill to increase documentation requirements, bureaucratic paper work and other costs so much that honest low-income and working families, not the 'high rollers' at whom the amendments were supposedly aimed, are deterred or prevented from obtaining the bankruptcy relief they need. But that is what has happened," Sommer said.
Snip
After quoting three bankruptcy judges, including Keith M. Lundin of Tennessee ("Unquestionably, this is the most poorly written piece of legislation that I or anyone else has ever seen.&quot , she concluded that the act is crushing "consumers suffering from the perfect storm of bad mortgages, credit card debt, stagnant wages or unemployment and rising food and fuel prices."

The 2005 bankruptcy bill makes it harder for poor and working class citizens to file. It does nothing to control the predatory practices of the financial industry.
This was all common knowledge in 2005. It seems to have slipped out of memory now.

https://getoutofdebt.org/111475/2005-bankruptcy-reforms-failed-miserably-help-students

First, we show that BAPCPA did not have a significant effect on the price of loans for the lowest credit score individuals relative to individuals with higher credit scores. In other words, students became effectively unable to discharge their loans in bankruptcy, but did not experience a compensating decrease in price. Second, we do see an increase in loan volumes, but since we do not observe a change in prices and we find that the price elasticity of demand for student loans is not significantly different from zero, we do not attribute this change in originations to a price effect. It is thus easy to argue that BAPCPA was not very helpful to students: they lost the ability to discharge their private student loans, but received no discount in return.

The 2005 act made it much harder for students to discharge debts and did nothing to control usurious lending of student loans.

https://getoutofdebt.org/13988/the-bankruptcy-means-test-and-limits-are-not-fair-colette

Thanks for the question. I’m feeling like being blunt and honest today so here it goes.

The bankruptcy means testing sucks. It has always been crap and it will never be fair to anyone. After all, who is average?

Now remember that this was a republican plus Biden and 17 other democrats bill.

Democrats:
18 – Yes
25 – No

Republicans:
55 – Yes
0 – No

Biden is better than a republican. That is the best I can say for him.