Must Read

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


_
Kids vs. credit

What to pay first: child support or the credit card bill? A bill before Congress would make that question even tougher by restructuring bankruptcy laws to allow credit card companies to recoup more of debtors’ income, reports TOMPAINE.COM.

Recent Must Reads

2/28 – Military’s new anti-human weopon

2/27 – AP buys RIAA’s bogus line

2/24 – Tuning out Channel One

2/23 – Subdivide and conquer

Current bankruptcy law prioritizes payments like child support for debtors, while either cancelling or delaying payment on high-interest, short-term debt like credit card bills. That’s an important consideration, given that one in every seven debtors who files for bankruptcy is paying child support. The new laws would leave consumers with more credit card debt after an individual declares bankruptcy, therbey making payments on previously nondischargeable debts like child support more difficult to make.

Other parts of the bill would effect working families, small-business owners, and laid-off employees. Credit card companies and banks favor the new legislation, and were among President Bush’s highest campaign donors.

Read the TOMPAINE.COM article here.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest