Why read the bills...

@ParaTed2k (22971)
Sheboygan, Wisconsin
August 31, 2009 5:02am CST
It's not like the words in the bills become laws or anything.
4 people like this
7 responses
@gewcew23 (8010)
• United States
31 Aug 09
Oh well since you put it that away!
@bobmnu (8160)
• United States
31 Aug 09
Several years ago Wisconsin Senator Proximer proposed a bill that would disclose to a person borrowing money the total that loan would cost them - interest and principal. What he wanted was a dollar amount, what he got was an actual interest rate as a percent. How they figured it was all fees were added to the loan and then you took that amount and figured the compound interest using a standard formula. If the people paid the fees up front you then subtracted the amount of the fees from the total you got by figuring the interest on the fees and loan. When several bankers pointed out that subtracting the fees after you figured interest on them for the life of the loan was not correct one regulator told them not to confuse the process by using math. This was a simple 1 or 2 page bill that produced several thousands pages of rules and regulations. What is a thousand page Care Law going to produce in Rules and Regulations? Lets keep this simple and not confuse the debate with FACTS, LOGIC OR REASON.
@bobmnu (8160)
• United States
31 Aug 09
Several years ago Wisconsin Senator Proximer wand people to know how much interest and fees they would be paying home their mortgage. His bill was somethiing to the effects that Banks would disclose up front the true cost of the mortgage - principal and interest. It passed and went to the agency in charge and they wrote the rules for banks to follow. Within the several hundred pages of rules was a formula to figure the amount of fees and interest at the start of the loan. You were to add the fees and the interest paid over the life of the loan. To f
@laglen (19778)
• United States
31 Aug 09
Because if you don't read it, you can claim that you didn't know that a certain thing was in it. Like the raises for the bail outs.
@us2owls (1681)
• United States
31 Aug 09
They don't read the bills, such as the over-sized idiotic Health Care Bill because they feel that they are a law unto themselves and what they sign into law for us - the taxpayrs- doesn't affect them in any way they don't give a tinkers damn whats in the bills.
@Koriana (302)
• United States
31 Aug 09
It might possibly avoid embarrassment later?? It might give congress the incentive to throw less crap into the bills, since well, they would have to spend the time to read it and it takes less time to read a 100 page bill than a thousand page?? And well, if you are a member of congress...It's part of your danged job!!!
• Philippines
31 Aug 09
You read the bills for clarification. That would be terrifying if the bills became laws.