Bankruptcies Up as Pennsylvania Primary Nears

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Bankruptcies Up as Pennsylvania Primary Nears

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Philly.com reports this morning that bankruptcy filings rose 25 percent in Pennsylvania last year, as rising monthly mortgage payments overwhelmed already shaky household finances and as tight credit markets hurt struggling businesses. That in mind, you can count on both Barack Obama and Hillary Clinton to offer their thoughts about that news before the day is through.

The battling Democrat presidential candidates will seize every opportunity to peddle gloom and doom about foreclosures and fear about the sub-prime mortgage crisis. Their shared hope is to garner additional “face time” before Keystone State voters during the next five days. After all, 158 pledged delegates are up for grabs in the state’s primary on Tuesday.

-- Bob McCarty Writes