November 23, 2024
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Deep Something

The site for ranting and reporting by John Masters

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Debt To Society

B. John 140 Views

As the U.S. government’s budget deficit tops $2.2 TRILLION, Bush made the following statement at the signing ceremony for the Credit Industry?Protection?Racket (known in Congress as the Bankruptcy Reform Bill):

"Bankruptcy should always be a last resort in our legal system. If someone does not pay his or her debts, the rest of society ends up paying them."

B. John

Records and Content Management consultant who enjoys good stories and good discussion. I have a great deal of interest in politics, religion, technology, gadgets, food and movies, but I enjoy most any topic. I grew up in Kings Mountain, a small N.C. town, graduated from Appalachian State University and have lived in Atlanta, Greensboro, Winston-Salem, Dayton and Tampa since then.