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I took one out for a down payment. There is a calculator that shows how much you can take out. Basically, most of your contributions. You pay back with regular deductions from your paycheck. You are charged interest (but much less than a credit card). Once you pay it back, there is a waiting period before you can take out a new one. Can pay it back early with no penalty if the shutdown doesn’t materialize. It’s a good alternative to carrying a credit card balance. Lower interest rate, doesn’t hurt credit score. The big downside is don’t earn interest on the pretax money until you pay it back (because it isn’t in your account). |
Exactly!! |
You don’t get it. Sure, you can attempt limit the brunt of the impact to a few million (blameless) people. Then what…the majority of Americans don’t feel the pain (or comprehend the 100s of millions of their tax dollars being thrown away each day of the shut down) and think it’s no big deal so they don’t put pressure/consequences on congress and the situation just keeps recurring every few years (likely with increasing frequency). Or we could just let the average American feel the brunt of a real shutdown and within a couple of days any future efforts to dangle it as a bargaining tool would be political suicide. |
Exactly - people think federal employees do nothing - let them see what happens when feds really aren't working. |
DP. No. Here’s where we differ. I see the waste of even near misses. And forget the long shutdowns. Even near misses are a huge waste of time, resources and productivity. I want one painful shutdown (but guaranteed to be short, because airports shut down and people pay attention. It would be over in less than 24 hours) to get the legislation we need to stop future shutdowns by continuing the government at current levels until Congress votes for something else. I see it happen up close and personal and understand that we have reached peak insanity where we keep doing the same thing and expecting that this time it will be something other than wasteful, stressful and expensive. Under Trump, we had multiple shutdown threats and near misses a year. And every single one of them took, time, energy, and money away from us serving the public. This won’t get better unless something is done to stop the cycle. If that means the threat of retirement and SSI checks not going out and airports shutting down for a day (because that’s what it would be— a day) it’s worth it in the long run to stop these enormously expensive, pointless, productivity sapping exercises going forward. Short term pain. Enormous long term gain. This isn’t about one shutdown. It’s about getting the leverage to pass legislation to prevent any future shutdowns. And that would be good for this country in many ways. Including economically. Moodys is discussing downgrading our debt if there is a shutdown. There is a cost to the chaos. |
Can we agree that what we are doing and have been doing since Clinton doesn’t work? In that case, maybe it’s time for a new plan. The Trump shutdown only ended because of an ATC sickout and airports actually starting to close. Also, you want to harm a small group. I say share the pain. You do realize that when people vote for Trump and he appoints pro life justices, all of a sudden all women in many states couldn’t access abortion. It hurt everyone, including the wanted pregnancy tragedies, not just the people who voted for it. There is a lot in this country, like guns and abortion, where everyone has to live with what a minority wanted, because if gerrymandering and the structure of the Senate. Why is that okay on guns and abortion, but not shutdowns? Because you haven’t had the misfortune of having or having a loved one actually have a tragedy in pregnancy or a school shooter, but a shutdown might actually hurt you? Too bad. I’m living with a lot of crappy policies I didn’t vote for. That’s how democracy works. |
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Money is not just being thrown away in the event of a shutdown.
EVERY agency now is having to utilize their lawyers and leadership to make contingency plans. Those guys (and they are mostly guys) make big bucks and could actually be doing their jobs if they were not having to make plans for the possible shutdown. That money is being wasted as I type this. |
^ standing ovation |
Who carries a credit card balance? Don't spend what you don't have. |
+2! I also will have to work with no pay and think literally everything should grind to a halt. You vacation is not essential, airports should close, trains should stop, because these things require the federal government to operate. Literally everyone should feel the pain of their idiotic votes. |
More than 1/3 of Americans carry a credit card balance, another 1/3 can’t qualify for a credit card due to low income/existing debt. Congrats for apparently being above average with finances but I’m sure DCUM could find plenty of other shortcomings to criticize you for. |
I do get it, I just disagree that the outcome will be what you believe. And I'd rather not risk it. If that means that federal workers have their pay delayed (not, as so many say, "lost money" or even "work without pay"), then OK. |
Such naivete. |
Just stop. No you won't. |
The ones who don't have to come in, yeah you don't do a whole lot. The ones that have to keep working actually do work. |