Wilbur Ross on federal workers going to food banks: 'I don't really quite understand why'

[gwb-trading]

https://elitetrader.com/et/threads/trump-needs-to-fund-the-tsa-asap.328987/page-3#post-4795361



GWB....I'm sure a very large percentage of the 800K federal employees not getting paid are not members of that Credit Union.
Besides.. what if people have lousy credit? Do they get these "tide me over" loans too? I'm gonna say no.
Its not that easy. I can imagine the red tape and bs associated with trying to get one.
Bottom line... Ross's statement was deplorable. In a big way. He's a fuckin senile billionaire and Constitutionman is spot on... Ross is clueless. I guess some of you people have never been poor.

The federal credit union is a benefit available to all federal workers. It is easy to open an account and apply for a loan. They state it takes under 5 minutes to do both.

The short term loans in place now have limits for the amount based on your pay. My understanding is that the repayment is directly taken from your paychecks over a period of time (once you are paid again). I am not sure about the credit history requirements. The pain is the 7.9% to 15.9% interest rates based on your credit history.

 

[CaptainObvious]

Dopes like Ross make it difficult to deny white privilege. Tone deaf doesn't begin to describe the abject callousness of his statement.

 

[murray t turtle]

Dopes like Ross make it difficult to deny white privilege. Tone deaf doesn't begin to describe the abject callousness of his statement.

%% I will be glad when that tariff turkey is gone/fired NOT that most whites are like him LOL.

 

[exGOPer]

https://twitter.com/x/status/1088572907691884546

 

[vanzandt]

Dopes like Ross make it difficult to deny white privilege. Tone deaf doesn't begin to describe the abject callousness of his statement.

Exactly.
And let me point out... the network news outlets are running his comments on a loop right now.
Wait till the 8PM MSM cable channels kick in.

Ross was right.. 800K people is really nothing in the GDP picture of things... but that's not what matters here. Over 100 Million Americans are hearing his remarks right now as they sit down to dinner with their families and as I type this.

The optics and arrogance of his statement is off the f'n charts.
Trump should fire his sominex ass tomorrow for that.
I bet he does.

 

[gwb-trading]

The federal credit union is a benefit available to all federal workers. It is easy to open an account and apply for a loan. They state it takes under 5 minutes to do both.

The short term loans in place now have limits for the amount based on your pay. My understanding is that the repayment is directly taken from your paychecks over a period of time (once you are paid again). I am not sure about the credit history requirements. The pain is the 7.9% to 15.9% interest rates based on your credit history.

Actually information about programs during the shutdown by the Fed Choice Credit Union (the Credit Union for the DC area) can be found here - http://www.fedchoice.org/my-life/furlough-center/

To be considered for a FedChoice Furlough Loan, the following criteria must be met:

• You must be a member of FedChoice. If you are not a member and wish to apply for membership, click here to learn more about our membership requirements.
• You are an employee or Federal contractor for the Federal Government who will not be receiving a paycheck as a result of the Federal Government shutdown.
• You may receive the equivalent of two month's net pay as the maximum loan amount (Pay stub must be provided as proof of employment).+
• Repayment terms
  • 60-day delay before your first payment is due.
  • 6, 12, 24 or 36 month repayment terms.

• Copy of Furlough notice will be required.
• Interest rates starting as low as 2.50% APR for 6 month term; 3.50% APR for 12 month term; 4.50% APR for 24 month term; 5.50% APR for 36 month term.^

(The interest rates are much better than I stated)

 

[Cuddles]

Think about it, going to work is a negative sum game for these folks. They gotta spend gas to go to work, spend a bit more on food for the extra energy needed, and that's not accounting for any extra expense to hold a job.

 

[DTB2]

Think about it, going to work is a negative sum game for these folks. They gotta spend gas to go to work, spend a bit more on food for the extra energy needed, and that's not accounting for any extra expense to hold a job.

Maybe you'd be happier if they were just let go.

They could let 50% go and it wouldn't negatively impact me a bit.

 

[LS1Z28]

He's clearly out of touch with reality. The reality is that most people are terrible with money, and they can't go a full month without a paycheck.

 

[DTB2]

He's clearly out of touch with reality. The reality is that most people are terrible with money, and they can't go a full month without a paycheck.

That reality needs to change.