Posted 1/10/2019 09:48 (#7234574 - in reply to #7234516) Subject: RE: Question about incomes- govt shutdown
IowaCenturyFarm - 1/10/2019 09:22
You're talking about people who would have to work several years to earn what many farmers got for a soybean payment. Not to mention ARC-CO, PLC, etc. They also can't write off mama's Tahoe as a "farm vehicle." It's pretty hard to save up a big emergency fund if you're a young person with a couple kids, a mortgage, car payment, student loans, etc., and making $40k per year at an entry-level government job. Not saying they shouldn't be able to hand a missed paycheck, but I don't think guys cashing five and six figure checks from the government without ever working there should say a whole lot.
If a person has been a federal employee for any length of time whatsoever, they would have a balance in their TSP account that can be borrowed against and paid back. The interest they pay is added to their own account too. Can borrow up to $50,000 year. That should be the first line of defense once short term reserves are extinguished. These liberal talking points pizz me off royally.