Thursday, September 01, 2005

What, Him Worry?

Read America Blog.

Why weren't we prepared? We knew this was coming. Why did Bush wait 2 days - 2 days - to come back from vacation? I guess when there aren't any "terrorists" to blame, Bush is at a loss. Or, more accurately, New Orleans is.

Why is Bush so dedicated to leaving a legacy of unnecessary death?

By the way, the victims of Katrina will be amoung those "credit deadbeats" who will be facing the new-and-improved bankruptcy bill going into effect in October. For background, Chapter 7 is a form of bankruptcy where all your debts are forgiven. Chapter 13 requires a repayment plan lasting up to 5 years. Those affected by the hurricane will have to:

- Get the required couseling by an approved credit counseling agency six months in advance of filing.

- Face a prohibitive means test makes it much more difficult to file Chapter 7 and get a fresh start, and judges who can request a switch to Chapter 13 instead.

- Pay more money for filing costs (including lawyer fees, which will increase because lawyers now have personal liability if the client is rejected)

- Pay for and attend a mandatory financing and budget class before the debt is discharged.

They can join the masses of people filing for bankruptcy because of medical expenses (50% of the total in 2001, when dependents are included).

Looks like the Credit Card and Oil companies will profit, as usual, from disaster. An embarrassment of riches, except no one seems to be embarrassed. Who exactly is Bush protecting here?

Comments by: YACCS