Payback time

Slacktivist notices how swiftly legislation revamping personal bankruptcy rules is making its way through congress. Reportedly, the law would make it more difficult for consumers to wipe out their credit card debt through personal bankruptcy. And yet, many of these same consumers aren't going to be able to pay back, so then what? I'm all for personal accountability. Americans in thrall to Mammon have bad spending habits. To keep up with the neighbhors, you turn spendthrift. Consumption is a race up a mountain of debt. Capitalism encourages us at every bend of the road, however, to keep spending, keep borrowing. We must fuel the economy, make the mighty American engine roar. Greedy companies aggressively market their cards to greedy consumers who greedily spend, and now the greedy companies are going to try and make up for the risk they failed to acknowledge when extending credit in the first place. Slacktivist wisely sees the catch 22. You can't get blood from a stone.