Financial Bankruptcy vs Moral Bankruptcy

By: Scott Graulich

What does bankruptcy say about a person? We only have to look at the most recent arrest of the suspected terrorist, Najibullah Zazi, the 24 year old airport shuttle bus driver from Colorado. There is a great deal of proof that he was plotting to blow up various sites in New York, murdering and maiming a lot of innocent people. Five months ago he ran up over $50,000 in credit card bills and then simply declared bankruptcy. In effect, Americans are paying for plots to blow up innocent Americans.

Zazi knew how to play the system, like many people who declare bankruptcy. It has become a game where hardworking, honest people are the losers in the end. Bankruptcy should be a temporary status that should always be paid back in full when the person recovers.

Allowing people to declare financial bankruptcy on a whim, has produced a culture of morally bankrupt individuals who share no guilt in hurting innocent people and companies who have given them products and services, trusting that they will be compensated. The intentions of allowing bankruptcy are noble, yet the results on society are
horrific.

References:
http://www.nydailynews.com/news/national/2009/09/20/2009-09-20_najibullah_zazi_admitted_receiving_weapons_and_explosives_training_from_alqaeda_.html

http://www.nationalinterest.org/Article.aspx?id=22224

http://online.wsj.com/article/SB125374801698835711.html?mod=googlenews_wsj