January 25, 2019
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7:43Now PlayingWilbur Ross doesn’t understand people that aren’t rich. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. MORE TYT
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"Commerce Secretary Wilbur Ross on Thursday downplayed the ongoing partial government shutdown’s impacts on federal workers, claiming they should simply take out loans to cover the costs of necessities.
Ross, a wealthy former banker, told CNBC’s “Squawk Box” that he can’t figure out why some of the more than 800,000 unpaid federal employees need to rely on food pantries after missing paychecks during the shutdown, which entered its 34th day Thursday.
“There are reports that there are some federal workers who are going to homeless shelters to get food,” host Andrew Ross Sorkin said.
“Well, I know they are but I don’t really quite understand why because ... the obligations that they would undertake say borrowing from the bank or credit union are in effect federally guaranteed,” Ross responded. “So the 30 days of pay which some people will be out ― there’s no real reason why they shouldn’t be able to get a loan against it.”
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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