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The Department of Yet Another Law That Won’t Apply To Them raises the red flag this morning on the bankruptcy bill that the House is poised to take up this week, the bill having passed the Senate last week.

Seems that several members of Congress are in five-digit debt, despite earning six-digit salaries and untold amount of perks.

More than 40 members of the House reported carrying at least $10,000 in credit-card or charge-card debt in 2003 and parts of 2004, according to a survey of financial disclosure reports conducted by The Hill.

The findings come as the House is poised to take up a bankruptcy-reform measure that would give banks and credit card companies expanded powers to seek repayment from debtors who file bankruptcy.

Opponents of the bill drew hope from the data, suggesting that lawmakers who nurse high-interest debt might be more likely to sympathize with indebted consumers.


That’s good, Hill.  Tell me another one…

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