[Portcall24]

"...he placed a substancial amount of his personal money at risk to start this business"

But under the current government model when you go bankrupt you simply walk away and the government picks up the tab...no harm, no foul.

[Hodar]

But under the current government model when you go bankrupt you simply walk away and the government picks up the tab...no harm, no foul.

You walk away, losing everything you put into your venture, you face foreclosure and depending upon the judge, may have a settlement to pay after you have lost everything. What else would you suggest? Debtor's Prison? No one sets out to declare bankrupcy, it's not a good business plan nor is a feasible retirement policy.

[kcvl]

“But under the current government model when you go bankrupt you simply walk away and the government picks up the tab...no harm, no foul.”

No, that is only handed out to Obama cronies who kiss his ass. Most small business owners wouldn’t want anything from the Marxist piece of crap!