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Let them eat payday loans

Let them eat payday loans

by digby

When asked about the stories of federal workers having to get food from food backs, Commerce secretary said this:

“I know they are, and I don’t really quite understand why,” Ross said on CNBC, referring to the trips for food. He was discussing the economic damage of the shutdown, which has stretched into a 34th day. Ross added the following:

‘The obligations that they would undertake, say a borrowing from a bank or a credit union, are in effect federally guaranteed. So the 30 days of pay that some people will be out, there’s no real reason why they shouldn’t be able to get a loan against it, and we’ve seen a number of ads from financial institutions doing that.’Commerce Secretary Wilbur Ross

These people …

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Published inUncategorized