Forgive my running a bit philosophical here, but I believe we are creatures with free will, and as such, we need to accept responsibility for our financial decisions. This also means expecting others to do so as well. The fact that our generation has run up more debt than any other is really no one's fault but our own. Believe me, I find the credit card marketing as annoying as anyone does, but I also think it's generally not deceptive, and that this should be the criteria for assessing whether marketers have crossed a line. Though this doesn't mean that I support the bankruptcy reforms.
Bankruptcy laws are too lenient when banks refuse to lend.
Given the huge run-up in lending and debt over the last decade, I'd say we're at neither extreme, and that attempts to make bankruptcy protection harder to get really are the corporate pork that critics say they are.