Such automatic borrower-initiated filings, if made legal by Congress, could reduce the household-debt overhang without the need for government subsidies. To the extent that the alternative is costly foreclosure proceedings that make borrowers and lenders worse off, this proposal should attract the support of both sides.
这样一种由借款人发起的自动破产机制如果能通过国会成为成文法律，将可以在不需要政府补贴的情况下减轻家庭债务宿醉。否则的话，就不得不进入代价昂贵的收回抵押品赎回权程序，这将使借款人和贷款人都受损，从这个角度看，波斯纳和津加莱斯的方案应该能够获得借款人和贷款人双方的支持。