Decius wrote:

When George W. Bush signed the bankruptcy bill into law earlier this year, he made clear his vision that whatever troubles face American families, it is their own fault, and his plan is to punish them. America’s middle class deserves better.

Literally every single argument made in favor of that abominable bill was a lie. This article provides a long refutation of the GOP's position that the middle class is plagued by lazy overconsumption and provides some reasonable policy priorities that would actually be useful.

Interesting article in 2005 by Elizabeth Warren. Though, I think the lobbyist might be a large part of the problem:

The bill was written by credit-industry lobbyists, shopped to their friends in Congress, and supported by tens of millions of dollars in lobbying and campaign contributions.

RE: The overconsumption myth.