Media in Trouble: All the news thats UNfit to print!: United's Bankruptcy

"The information of the people at large can alone make them safe, as they are the sole depositary of our political and religious freedom." --Thomas Jefferson 1810

Thursday, May 12, 2005

United's Bankruptcy

I just wanted to point out this Ezra Klein post. And this is the reason I am so pissed at any Democrats (or Republicans for that matter) who voted FOR this Fucking Bankruptcy Bill.
The Bankruptcy Bill made it harder for individuals to declare and survive bankruptcy. Durbin offered an amendment that would've forced corporations, when they were declaring bankruptcy, to fulfill their stated financial obligations to their employees. These financial obligations are retirement plans, matching funds, and so forth. They are, in other words, the exact same long-term assets that are supposed to keep hard-working Americans out of bankruptcy court!