Political Quotes

“I just ask a couple of rhetorical questions I want us to consider. One of those is, do we believe as a people--not just as a Senate but as a people--that those in our country who incur substantial debt, in many cases through no fault of their own, should be able to gain access to help, to the forgiveness that can be found in a bankruptcy court? I think most of us would say, yes, they ought to have that right. If we ask the second question: If someone filing for bankruptcy has the ability to repay a portion of their debts, should we expect that of them? I think most of us in this Chamber and across the country would agree, if they have the ability to repay a portion of their debts, they ought to do that. The harder question in this debate is how do you determine who has the ability to repay a portion of their debts? In the legislation before us today, we go a step beyond that. It is a good step. What we do is provide, in essence, a safe harbor for those who really do not have a whole lot of money in the first place.”