Bush Signs Bill to Protect Farmers

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CRAWFORD, Texas - President Bush has signed legislation extending for six months the special bankruptcy protections that allow family farmers to keep their assets while reorganizing debt.

The bill extends the protection from the original June 30 expiration date to Dec. 31. The White House announced Saturday that Bush had signed the bill a day earlier.

(snip)

Supporters said the extension is needed because other bankruptcy laws do not adequately protect farmers and that Chapter 12 filings have risen more than 60 percent over the past year.

The provision has been extended nine times since it was enacted in 1986. Advocates have failed to make the provision permanent.

still compete with, and rather than turn them loose, he makes it easier to BK. Someone tell me how this makes sense..

Didn't we just try the republican,"freedom to farm act'??? :silly:
Which gave the wheat farmers, the freedom to go bankrupt.


---=- IRAQ IS INNOCENT of 911---O8)

-bush shit his pants on 911----:hurts:

-------------- bluecoller-the grumpy old kraut ----:mad: