Political Quotes

“Every time Senator Hatch tells you there is a provision in the bill before us that is not included in the Durbin bill--believe me, every time the credit industry gave us a morsel, they took away a beef steak. And that is what happened when it was all over. The bill before us today is much worse on consumers in America than the bill this Senate passed by a vote of 97-1. And though the Senator from Utah tells me how terrible my bill is, he voted for it. He voted for it, as did most of the Senators who are here today. Let me read to you some comments from people I think are worth repeating. This first comment comes from David Broder. We know him. He is a respected journalist and is published in the Washington Post, and other newspapers. This is what he says about this bankruptcy bill I am trying to replace: As for the bankruptcy bill, it deserves the veto Clinton gave it. Despite some useful provisions, it is an unbalanced measure, which does nothing to curb the mass marketing of credit cards to young and low-income people who perpetually pay the exorbitant interest on their monthly balances. It will squeeze money out of people who have been clobbered by job losses, divorce or medical disasters, yet allow some millionaires to plead bankruptcy while turning their assets into mansions in states with unlimited homestead exemptions.”