If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.
quote by Jim Cooper
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No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.
quote by Brad Henry
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Studies have consistently shown that financial hardship is the biggest obstacle to heterosexual marriage, yet the Republican leadership has done precious little to help address the financial hardship faced by American families.
quote by Kendrick Meek
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It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
quote by Daniel Akaka
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I am emphatically against the privatization of Social Security. It is going to hurt millions of American women, American families and ultimately the whole country.
quote by Barbara Mikulski
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Radio interoperability is essential for our police, fire, and emergency medical service departments to communicate with each other in times of emergency.
quote by Lucille Roybal Allard
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Social Insecurity
Strapped Seniors use credit cards ‘stead of cash
To stay afloat, after losing their stocks n’ bonds
Yet more victims of another Wall Street crash
“Let them eat cake” is what the Fed responds
ROTMS
From Reuters Article 10/23/2010
Retired and broke: Why retirees are declaring bankruptcy
For more and more seniors, retirement doesn’t mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bankruptcy, according to a recent study by John Pottow, professor of law at the University of Michigan Law School.
Those aged 65 and older represented seven percent of bankruptcy filers in 2007, a mind-boggling jump from 1991. They are the “fastest-growing age demographic, ” according to Pottow’s study.
What’s the culprit for so much debt? Credit cards. Two-thirds of Americans who filed for bankruptcy said credit cards were the key reason for their financial problems, according to Pottow’s research. Besides having more credit card debt compared with younger bankruptcy filers,44.8 percent of those aged 65 and older also had more plastic in their wallets. “They’re using credit cards as a maladaptive coping mechanism, ” Pottow says.
Stephanie Osterland, a supervisor in the bankruptcy department at GreenPath debt solutions, sees an increasing number of seniors living beyond their means. Says Osterland: “They’re just trying to live off of a fixed income, and that’s usually Social Security. Maybe they have a small pension. We find they’ve used credit cards to supplement that income and expenses or they just end up getting into a lot of medical debt.”
In addition to escalating medical expenses, seniors have seen their portfolios hit hard by the lagging stock market. Carolyn Rodi of Saving Your American Dream says those considering bankruptcy should see a credit counselor at a non-profit organization to get their finances in order.
Credit counselors, such as those at GreenPath, help the elderly deal with a stressful situation. “We try to help them focus on what it’s going to look like” after they get out of debt, Osterland says.
Rodi also recommends that potential bankruptcy filers seek out pro-bono legal aid. “There are a lot of elderly people that are being taken advantage of by bankruptcy attorneys and mortgage brokers who are advising them improperly to pay for the bankruptcy, take out a reverse mortgage or to do things that aren’t in their best interest, ” she says. ”If you have no income, why should you borrow to pay someone when you can get free legal aid? ”
What are the chances of a senior paying off his or her debts? It’s difficult to determine, especially because seniors tend to be on a fixed income. And while finding a job — such as a WalMart greeter — seems like a viable option, it is not necessarily feasible for all seniors to work.
In addition, whether or not a person declares Chapter 7 (which involves the liquidation of one’s assets) or Chapter 13 (which allows debt restructuring) bankruptcy can be a significant factor in determining what one’s lifestyle will be. “If you have to file for Chapter 7 bankruptcy, you may be able to find affordable housing that allows you to just get by, ” says Rodi. “Chapter 13 lets you keep your house and doesn’t touch your retirement savings.”
Regardless, filing for bankruptcy is very stressful for anyone. “A lot of our clients in that post-retirement age have a hard time coming to grips with their situation, ” Osterland says. “It’s very emotional for them. We try to focus on the future and see if this debt can be lifted off their shoulders.”
poem by Ray Lucero
Submitted by Poetry Lover
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In Every Way!
how many people are blind?
how many people are deaf?
how many by choice?
perhaps you still have jobs,
homes, food to eat, medical care.
perhaps you have investments,
a way to retire....
perhaps your family is happy,
and well taken care of...
i hope so for you!
millions of people hurting,
millions in need...
millions of children hungry,
millions who cant get an education.
millions enslaved by poverty,
millions left alone....
people with faces and names.
all of these are normal people.
whatever their language, their religion,
their sexual orientation.
all of these are people just like you.
and many of these have families,
just like you!
is it their fault they're victims?
perhaps they've worked their whole lives.
male, female, young, old.....
all people,
with mothers and fathers....
all people....
and no, America is not free.
the news we watch is tainted.
the truth is hidden from us.
killing people around the world
does not make us free....
books are being banned and burned,
prejudice and discrimination are rampant.
we have forgotten we are responsible for each other,
we have forgotten we are all immigrants here.
there are no illegal people,
all people are just people.
freedom demands equality,
in every way!
poem by Eric Cockrell
Submitted by Poetry Lover
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College is part of the American dream. It shouldn't be part of a financial nightmare for families.
quote by Barbara Mikulski
Submitted by Lucian Velea
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Having said that, I believe we must not compound the natural disaster of Katrina by creating a fiscal disaster in Congress - it is our duty to ensure that we reign in other government spending in any event, and especially in this time of national emergency.
quote by Chris Chocola
Submitted by Lucian Velea
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Modern medical advances have helped millions of people live longer, healthier lives. We owe these improvements to decades of investment in medical research.
quote by Ike Skelton
Submitted by Lucian Velea
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But wishing our Kansas soldiers 'God speed' is not enough. We need to comfort, care for, and protect their families. And we should ease the financial burdens that these families often face.
quote by Kathleen Sebelius
Submitted by Lucian Velea
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Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families.
quote by Barbara Mikulski
Submitted by Lucian Velea
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In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.
quote by Tim Holden
Submitted by Lucian Velea
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When The Wind Blows
When the wind blows, many leaves will fall.
In my mind i see,
When the wind blows, many leaves will fall.
This is an emergency.
In a part of this once-great city
Stands a child crying out in pity.
Gone is hope in the heart of each hungry hour.
Every year in this land of plenty
There are millions of starving children
What will i say if they look my way?
This is an emergency.
When the wind blows, many leaves will fall.
In my mind i see,
When the wind blows, many leaves will fall.
This is an emergency.
Bow your heads to the lost generation
Scars so deep, bringing god's damnation.
Businessmen sip wine while congress argue.
But for grace we enjoy our pleasures
What we face will be our salvation
Go build your towns, but remember time will not forget
That this is an emergency.
When the wind blows, many leaves will fall.
When the wind blows, many leaves will fall.
This is an emergency.
Think of what the wise men said.
When the wind blows, many leaves will fall.
In my mind i see,
When the wind blows, many leaves will fall.
In my mind i see,
When the wind blows, many leaves will fall.
This is an emergency.
song performed by by Kinks
Submitted by Lucian Velea
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Across the country military families are facing dire financial circumstances due to longer than expected tours of duties. They are being penalized for their patriotism - no one should have to choose between doing right by their country and doing right by their families.
Millions of American families affected by debilitating diseases have new hope today after the U.S. House passed legislation to support potentially life-saving stem cell research.
quote by Nancy L. Johnson
Submitted by Lucian Velea
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As winter weather settles in around the country, millions of American families are facing skyrocketing home heating prices with even greater impact if cold temperatures persist into the spring.
quote by Russ Carnahan
Submitted by Lucian Velea
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This is a simple change that will provide a huge financial boost for many Americans, particularly low- to moderate-income families. It is an important step in making sure we do everything we can to encourage all Americans to save and plan for the future.
quote by Jim Cooper
Submitted by Lucian Velea
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These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.
quote by Mortimer Zuckerman
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If you have a major disaster involving hundreds of thousands, or in this case millions of people, whether it be a natural disaster or an act of terrorism, the first 72 hours are going to be totally chaotic no matter what you plan to do.
quote by Warren Rudman
Submitted by Lucian Velea
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