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[bob ford <bobford79 AT yahoo.com>]

What you will soon see is the previous bankruptcy act (thank Joe Biden, the 
Senator from MBNA, as he is called) causing credit card companies to go hand 
over fist after peoples assets, in such a way, that they will now qualify for 
medicaid. 

 The medicaid rules concerning limits of assets vary by state, I don't know 
what it is here, but I know that you can have "X" of equity in your home; 
they will not let the bankruptcy court, in most cases, take the home, for a 
CC debt, etc.  But they can  attach the equity.

In a round about way, the taxpayers will be paying for someones mediacl care 
who was bankrupted becuase of CC bills, so essentially, the taxpayer is 
paying for that person's CC debt.  that is tprobably the reasoning the man 
you mentioned was using........................


--- On Thu, 12/4/08, sjc <indexer AT fairpoint.net> wrote:

 
> Just the other day I read an article about the numbers, and the most 
> specifically horrifying thing I remember is that in many
> states, the  number of people on their state (mostly that amounts to
> Medicaid) rolls  who were qualified because previous medical bills had
> bankrupted them....
> 
> This guy's thrust was that those people should be
> ineligible for  Medicaid, and I failed to grasp, still do, the reasoning