Political Quotes

On the recordMay 5, 1999
I have supported this bankruptcy legislation in the past. I believe that it is important to exercise personal responsibility. There have been some abuses of the system. While the bill was not perfect and needed further perfection, I thought it was generally in the right direction. I am troubled about the bill, however, in its form today, because while most of the focus has been on individuals who did not engage in personal responsibility, there have also been instances in this country of corporate citizens who did not demonstrate any sense of responsibility. Indeed, since the consideration of this bill in the last session, I was particularly troubled by the problem of Dorothy Doyle. I do not know Dorothy but I have read some of her plight. I know that she is not the only one who suffered from this situation. Dorothy is an 87-year-old widow, a retired Pentagon secretary, who required about $240 a day in nursing care because of her physical condition. Fortunately for her, her younger sister decided that there was a solution to her problems and that together they would purchase a continuing care living arrangement, and they did that. They moved into the Park Regency Retirement Center out in Scottsdale, Arizona, and they invested a substantial amount of their life savings and received, in turn, a lifetime guarantee.
Said by
Lloyd Doggett
Democratic · Texas

Editor's note · Context

Discussing concerns about bankruptcy legislation and its impact on individuals and corporate responsibility.

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