First it was Wilbur Ross who wondered why furloughed government workers (with no income) couldn’t just take out a loan.
Today Trump did one better: borrow groceries.
In honor of republicans’ abject stupidity and complete reptilian lack of empathy for the people whose lives they ruin, I think we should keep a tally of all the statements that fall under the rubric of Mitt’s infamous “47 percent” comments.
Federal government employees have a substantially higher income than the general population. Thus they have savings, home equity, pension plan, credit cards, borrowing ability to absorb several weeks loss of income.
Apply to borrow from the federal pension. Being a retirement fund, there is zero guarantee to any funds contained therein until one actually, y’know, retires.
The #1 thing I retained from my orientation: anyone borrowing from their pension ends up hurting themselves in the long run.
“At this festive season of the year, Mr Scrooge, … it is more than usually desirable that we should make some slight provision for the Poor and destitute, who suffer greatly at the present time. Many thousands are in want of common necessaries; hundreds of thousands are in want of common comforts, sir.”
“Are there no prisons?”
“Plenty of prisons…”
“And the Union workhouses.” demanded Scrooge. “Are they still in operation?”
“Both very busy, sir…”
“Those who are badly off must go there.”
“Many can’t go there; and many would rather die.”
“If they would rather die,” said Scrooge, “they had better do it, and decrease the surplus population.”
“Scrooge was a better man before his life was destroyed by ghosts, sad.”
This is either a joke, or you are the dumbest motherfucker to ever inhabit this board, and are talking out of your great, gaping arse. A small example: the typical TSA worker at an airport makes $30K/year. The average police officer salary (in Oregon) is around $56K/year.
If you read the link, you will see that employees cannot take out a loan unless they are in “pay” status. So I kind of think a furloughed employee would be disqualified.
Ross’s “Let them eat bridge loans” speech was clueless on multiple levels. He thinks the loans are risk-free because the employees are guaranteed to get a paycheck eventually? I bet that most people that default on their loans get a paycheck of some sort. They just don’t use it to repay their loans.
Not to mention that if someone does manage to secure such a loan but then no longer gets paid, such as becoming a RIF victim, the remaining balance likely comes due in full. Payments are automatically deducted from one’s paycheck; no paycheck, no payments.
I really think it’s awfully generous to label Wilbur Ross as “clueless”. What he is, is greedy, mercenary and ethically bankrupt. He’s a BANKER, and the credit union he runs is currently floating emergency bridge loans at 8.99%! He’s not out of touch, he’s touting for his industry generally and his own pocketbook specifically at the expense of the government workers.