Storytime

[WVUBRU]

Usually these type of stories get roasted and most of the time, rightfully so. If you want to roast me, go ahead.

As some of you know, I'm an accounting and finance professional that now works in the software field. I basically consult, advise, client service, professional services, technical services a certain budgeting and financial reporting software application for our clients which are banks, credit unions and other financial services organizations.

I just finished up a short webex/conf call with many of our clients on something new with our software and these clients are finance professionals ranging from CFO's down to Financial Analysts and I'm guessing most are more conservative politically than liberal due to the nature of their jobs. At the end of the call, some were talking about Wilbur Ross's suggestion of why don't the federal workers affected in the shutdown just get loans. This comment brought a bunch of sarcastic laughter and comments about that ridiculous comment. But one person made a good point saying Congress should pass a bill reimbursing federal employees for interest paid for those that have taken out loans since many Credit Unions (banks generally won't) are making loans to their shareholders (customers) throughout the country. This shutdown is not the fault of individuals and the government should make things whole for those that do take out loans to make it through this tough time, regardless of Wilbur Ross and all other Trumpers that have zero empathy to the federal workers.

First I've thought about that and have not heard that suggestion before but I like the idea. Hopefully someone in congress will put forward legislation.

 

[mule_eer]

Usually these type of stories get roasted and most of the time, rightfully so. If you want to roast me, go ahead.

As some of you know, I'm an accounting and finance professional that now works in the software field. I basically consult, advise, client service, professional services, technical services a certain budgeting and financial reporting software application for our clients which are banks, credit unions and other financial services organizations.

I just finished up a short webex/conf call with many of our clients on something new with our software and these clients are finance professionals ranging from CFO's down to Financial Analysts and I'm guessing most are more conservative politically than liberal due to the nature of their jobs. At the end of the call, some were talking about Wilbur Ross's suggestion of why don't the federal workers affected in the shutdown just get loans. This comment brought a bunch of sarcastic laughter and comments about that ridiculous comment. But one person made a good point saying Congress should pass a bill reimbursing federal employees for interest paid for those that have taken out loans since many Credit Unions (banks generally won't) are making loans to their shareholders (customers) throughout the country. This shutdown is not the fault of individuals and the government should make things whole for those that do take out loans to make it through this tough time, regardless of Wilbur Ross and all other Trumpers that have zero empathy to the federal workers.

First I've thought about that and have not heard that suggestion before but I like the idea. Hopefully someone in congress will put forward legislation.

I have heard that Navy Federal Credit Union is offering affected members no interest loans called slightly below their regular direct deposit amount. I also heard that USAA is offering loans to their members as well, although those were not 0 interest.

 

[WVUBRU]

I have heard that Navy Federal Credit Union is offering affected members no interest loans called slightly below their regular direct deposit amount. I also heard that USAA is offering loans to their members as well, although those were not 0 interest.

I like they are doing it but not to get too wonky, I hope those CU's risk quotients are in good shape giving out 0% loans to individuals like this. I'm sure they are as they are both excellent institutions.

 

[wvu2007]

TLDR

 

[mule_eer]

TLDR

Highlights:
-Wilbur Ross doesn't understand the economics of working folks
-Should the government reimburse employees who had to take out bridge loans while not being paid for the interest due on those loans?

 

[WVUBRU]

Highlights:
-Wilbur Ross doesn't understand the economics of working folks
-Should the government reimburse employees who had to take out bridge loans while not being paid for the interest due on those loans?

Mule, I appreciate summarizing but dude.......you know better than to feed trolls. Who cares about that individual or what he might have to say on any subject?

 

[mule_eer]

Mule, I appreciate summarizing but dude.......you know better than to feed trolls. Who cares about that individual or what he might have to say on any subject?

I'm just trying to help him out, give him an opportunity to throw out an insult or 2.

 

[WVUCOOPER]

Highlights:
-Wilbur Ross doesn't understand the economics of working folks
-Should the government reimburse employees who had to take out bridge loans while not being paid for the interest due on those loans?

I love how he (Wilbur) is perplexed that people can't go 2 paychecks without feeling economic harm. :joy::joy::joy:

 

[Airport]

Maybe they all should look for more dependable work. Taking illegals across the southern border.

 

[mule_eer]

I love how he (Wilbur) is perplexed that people can't go 2 paychecks without feeling economic harm. :joy::joy::joy:

Especially when they still have to show up for work.

I was thinking about the discussion about air traffic control and TSA last week. If those were privatized, i.e. contracted out, would we be able to call them into work without paying? I'm not wise in the ways of the shutdown process, but I am aware that a lot of government contractors are sitting at home with no hope of being reimbursed for lost wages. Wouldn't a contract crew of air traffic controllers be doing the same thing?

 

[WVUCOOPER]

Especially when they still have to show up for work.

I was thinking about the discussion about air traffic control and TSA last week. If those were privatized, i.e. contracted out, would we be able to call them into work without paying? I'm not wise in the ways of the shutdown process, but I am aware that a lot of government contractors are sitting at home with no hope of being reimbursed for lost wages. Wouldn't a contract crew of air traffic controllers be doing the same thing?

I would think you are right, but @DvlDog4WVU would know the process better than me.

I hope we pass something that eliminates this childish tactic, or go full bore. None of this ******** partial shutdown. If the government is closed, it is CLOSED.

 

[MichiganHerd]

Government cannot afford to pay off anything at this point, due to not having a wall that keeps out the bastards that cost us billions.

********BUILD THE WALL********

 

[WVUBRU]

Especially when they still have to show up for work.

I was thinking about the discussion about air traffic control and TSA last week. If those were privatized, i.e. contracted out, would we be able to call them into work without paying? I'm not wise in the ways of the shutdown process, but I am aware that a lot of government contractors are sitting at home with no hope of being reimbursed for lost wages. Wouldn't a contract crew of air traffic controllers be doing the same thing?

It depends on many different factors, I'm afraid. But if they were privatized, there would be all kind of different laws being applied by different states and there wouldn't be just one answer. Privatizing services like those are and always will be stupid and hopefully our elected individuals won't listen to stupid talking heads that constantly push for privatizing government services that need to be the same throughout the country.

 

[Snow Sled Baby]

Usually these type of stories get roasted and most of the time, rightfully so. If you want to roast me, go ahead.

As some of you know, I'm an accounting and finance professional that now works in the software field. I basically consult, advise, client service, professional services, technical services a certain budgeting and financial reporting software application for our clients which are banks, credit unions and other financial services organizations.

I just finished up a short webex/conf call with many of our clients on something new with our software and these clients are finance professionals ranging from CFO's down to Financial Analysts and I'm guessing most are more conservative politically than liberal due to the nature of their jobs. At the end of the call, some were talking about Wilbur Ross's suggestion of why don't the federal workers affected in the shutdown just get loans. This comment brought a bunch of sarcastic laughter and comments about that ridiculous comment. But one person made a good point saying Congress should pass a bill reimbursing federal employees for interest paid for those that have taken out loans since many Credit Unions (banks generally won't) are making loans to their shareholders (customers) throughout the country. This shutdown is not the fault of individuals and the government should make things whole for those that do take out loans to make it through this tough time, regardless of Wilbur Ross and all other Trumpers that have zero empathy to the federal workers.

First I've thought about that and have not heard that suggestion before but I like the idea. Hopefully someone in congress will put forward legislation.

Not an expert in any form but if they have to borrow money to make it thru no fault of their own then the loans should be completely interest free to them. It's not their fault that both sides are bull headed

 

[WVUCOOPER]

Not an expert in any form but if they have to borrow money to make it thru no fault of their own then the loans should be completely interest free to them. It's not their fault that both sides are bull headed

Allow me to play ******* here, but why should I pay for someone that couldn't go a month without a paycheck? People lose their jobs all the time, through no fault of their own. I don't think the federal government needs to start handing out interest free loans or paying back interest on a loan.

 

[WVUBRU]

Allow me to play ******* here, but why should I pay for someone that couldn't go a month without a paycheck? People lose their jobs all the time, through no fault of their own. I don't think the federal government needs to start handing out interest free loans or paying back interest on a loan.

You make a good point as well. I'll answer just for myself being a little bit less fiscally conservative than you on these type of subjects. I'm a bleeding heart and understand many try hard to save and do everything they can and just can't get ahead. About 40% of working individuals do not have a spare $500 saved for emergencies. Now many individuals waste their earnings and that makes a lot of people jaded when it comes to government programs like this that cost taxpayers. But these individuals are also taxpayers and sometimes, people need some help from their government. I'm all for it as I find this a better use of taxpayer funds than giving millionaires tax cuts in order to play political footsies.

 

[Mntneer]

Allow me to play ******* here, but why should I pay for someone that couldn't go a month without a paycheck? People lose their jobs all the time, through no fault of their own. I don't think the federal government needs to start handing out interest free loans or paying back interest on a loan.

However, they have the right to earn interest on their income from the moment they would have received it as well. So we either pay back pay with interest, or pay interest on any loans taken to cover expenses.

 

[WVUCOOPER]

You make a good point as well. I'll answer just for myself being a little bit less fiscally conservative than you on these type of subjects. I'm a bleeding heart and understand many try hard to save and do everything they can and just can't get ahead. About 40% of working individuals do not have a spare $500 saved for emergencies. Now many individuals waste their earnings and that makes a lot of people jaded when it comes to government programs like this that cost taxpayers. But these individuals are also taxpayers and sometimes, people need some help from their government. I'm all for it as I find this a better use of taxpayer funds than giving millionaires tax cuts in order to play political footsies.

Hopefully this is a teachable moment for other people. Waaaaaaaayyyyy too many people can't go a month without pay in this country.

I'm not completely heartless to their plight, but I'm not ready to open another federal government give away just yet.

 

[WVUCOOPER]

However, they have the right to earn interest on their income from the moment they would have received it as well. So we either pay back pay with interest, or pay interest on any loans taken to cover expenses.

TF?

Also - Does that include non-essentials and contractors?

 

[Mntneer]

TF?

Also - Does that include non-essentials and contractors?

Yes. If I'm contracted, submit a payment application and are due payment on the first day of the shut down, and don't get payment for 30 days beyond the due date, then I'm due interest on the late payment.

We have interest or penalty clauses in our contracts all the time. Employees should be no different.

 

[WVUCOOPER]

Yes. If I'm contracted, submit a payment application and are due payment on the first day of the shut down, and don't get payment for 30 days beyond the due date, then I'm due interest on the late payment.

We have interest or penalty clauses in our contracts all the time. Employees should be no different.

Employees should be much different.

 

[WVUBRU]

We have interest or penalty clauses in our contracts all the time. Employees should be no different.

But they are different and neither instances whether it is a contractor or an employee has a "right" to earning interest on unpaid earnings. Nothing in the constitution on that one.

 

[Mntneer]

Employees should be much different.

Why. It was not their choice to not be paid on time.

But they are different and neither instances whether it is a contractor or an employee has a "right" to earning interest on unpaid earnings. Nothing in the constitution on that one.

As a contractor, my rights are defined in my contract. For example Article 5, Section 3 in the A101 Contract Documents, which outlines interest payments on past due payments.

For employees, I'm not claiming it's a constitution right, just that it's the RIGHT thing to do.

 

[Snow Sled Baby]

Allow me to play ******* here, but why should I pay for someone that couldn't go a month without a paycheck? People lose their jobs all the time, through no fault of their own. I don't think the federal government needs to start handing out interest free loans or paying back interest on a loan.

I'd much rather see the government or an agency loan our affected government workers money interest free than see it spent on illegals....my turn at assholedness

 

[Snow Sled Baby]

You make a good point as well. I'll answer just for myself being a little bit less fiscally conservative than you on these type of subjects. I'm a bleeding heart and understand many try hard to save and do everything they can and just can't get ahead. About 40% of working individuals do not have a spare $500 saved for emergencies. Now many individuals waste their earnings and that makes a lot of people jaded when it comes to government programs like this that cost taxpayers. But these individuals are also taxpayers and sometimes, people need some help from their government. I'm all for it as I find this a better use of taxpayer funds than giving millionaires tax cuts in order to play political footsies.

I bet the percentage is higher than that......I talked with the younger employees at wintergreen this year and they were amazed that our house and vehicles are paid for.....most of them are living check to check and probably couldn't come up with a thousand bucks without Payday Loans

 

[WVUBRU]

Why. It was not their choice to not be paid on time.



As a contractor, my rights are defined in my contract. For example Article 5, Section 3 in the A101 Contract Documents, which outlines interest payments on past due payments.

For employees, I'm not claiming it's a constitution right, just that it's the RIGHT thing to do.

It is semantics. I disagree based on pure Business Law definitions of a contract. But if you want to use the word "right" as it pertains to your contract, knock yourself out. Just don't try and represent yourself in court if you get in a contractual dispute. The judge will make you look silly.

 

[Mntneer]

It is semantics. I disagree based on pure Business Law definitions of a contract. But if you want to use the word "right" as it pertains to your contract, knock yourself out. Just don't try and represent yourself in court if you get in a contractual dispute. The judge will make you look silly.

You can't help yourself in being a smug *** can you. I feel like I need to keep a box of crayons handy when dealing with you. No **** it's semantics, I guess with my crayons I should have spelled it out "Contractual Rights" or maybe "Contractual Obligations," but I made the mistake of thinking that having an offhand discussion with you was possible. Silly me.

 

[WVUBRU]

You can't help yourself in being a smug *** can you. I feel like I need to keep a box of crayons handy when dealing with you. No **** it's semantics, I guess with my crayons I should have spelled it out "Contractual Rights" or maybe "Contractual Obligations," but I made the mistake of thinking that having an offhand discussion with you was possible. Silly me.

Yes, and the proper term is Contractual Entitlements. Rights are absolute. You need to meet your obligations in order to be entitled to payment. But your payment isn't absolute; they get disputed all the time and you can't say that isn't true. And when they are disputed, what do you have to do? Go to court and get a decision on your side.

And don't call me an ******* when you constantly say wrong **** and then try to prove yourself right when you aren't. You are better off not speaking on subjects you know nothing of but that would limit you to saying mostly nothing. Instead of trying to own me which you never do, you should just say "I was wrong, employees don't have rights to interest on unpaid earnings". But you didn't. So go to hell, willya?

 

[WVUBRU]

And up to your hissy fit, this thread was a good discussion except for one expected comment from a troll. And people wonder why this country is a mess. Some people can't admit they are wrong and then do the right thing. Sounds a lot like Trump, doesn't it?

 

[wvu2007]

And up to your hissy fit, this thread was a good discussion except for one expected comment from a troll. And people wonder why this country is a mess. Some people can't admit they are wrong and then do the right thing. Sounds a lot like Trump, doesn't it?

Like you yesterday when you attacked a teenage boy and couldn't admit you were wrong.

 

[Soaring Eagle 74]

You make a good point as well. I'll answer just for myself being a little bit less fiscally conservative than you on these type of subjects. I'm a bleeding heart and understand many try hard to save and do everything they can and just can't get ahead. About 40% of working individuals do not have a spare $500 saved for emergencies. Now many individuals waste their earnings and that makes a lot of people jaded when it comes to government programs like this that cost taxpayers. But these individuals are also taxpayers and sometimes, people need some help from their government. I'm all for it as I find this a better use of taxpayer funds than giving millionaires tax cuts in order to play political footsies.

Our politicians encourage people to spend like crazy in order to boost the economy (GWB after 911) and then they turn around and criticize them for not saving. Don’t shut down the government and this won’t be an issue.

 

[DvlDog4WVU]

Especially when they still have to show up for work.

I was thinking about the discussion about air traffic control and TSA last week. If those were privatized, i.e. contracted out, would we be able to call them into work without paying? I'm not wise in the ways of the shutdown process, but I am aware that a lot of government contractors are sitting at home with no hope of being reimbursed for lost wages. Wouldn't a contract crew of air traffic controllers be doing the same thing?

The short answer is you’re incorrect.

The long answer is it depends on a host of factors. Basically, the Govt is a non-functioning fuckaroo on a good day when it comes to acquisitions and contracting. They’re rarely on time with contract mods and depending on the company, they’ll either decide to furlough or go forward on a CRF. It really depends on your position of demand. Do you hold enough leverage to allow the contract to shut down and them to still have to come back to you. In which case, shutting down the “production line” can be more financially beneficial from a revenue and NOP pickup than just continuing a service. Do you have follow-on opportunity? Is it worth squabbling over a $100k pickup if you have $2B on the hook? Obviously no. But to your point, because of the inefficiency of Govt and the all around poor work ethic and cumbersome process, we go through what amounts to a shutdown every time there is a renewal.

To your specific case, it all comes down to the appropriations type. Case fundings, multi-year awards, etc. Once you’ve passed the gauntlet of ******** and actually been awarded, the money is loaded and it will come. That part of the Govt isn’t shut down.

This type of **** really only impacts from the standpoint of working with the DoS (necessary for FMS contracts) and Export approvals, TAAs etc. it negatively impacts us just from an asspain perspective and causing missed sales in a quarter. This fvcked me in my Q4 pickups and I missed sales because of it. I’m missing sales in Q1. Assuming this ends soon, Ill have a big Q1. If it doesn’t, Q1 in the defense sector is going to be a bloodbath.

 

[DvlDog4WVU]

It depends on many different factors, I'm afraid. But if they were privatized, there would be all kind of different laws being applied by different states and there wouldn't be just one answer. Privatizing services like those are and always will be stupid and hopefully our elected individuals won't listen to stupid talking heads that constantly push for privatizing government services that need to be the same throughout the country.

Hahahaha, yet, our airlines are private. You’re out of your depth on this one.

 

[Mntneer]

Yes, and the proper term is Contractual Entitlements. Rights are absolute. You need to meet your obligations in order to be entitled to payment. But your payment isn't absolute; they get disputed all the time and you can't say that isn't true. And when they are disputed, what do you have to do? Go to court and get a decision on your side.

And don't call me an ******* when you constantly say wrong **** and then try to prove yourself right when you aren't. You are better off not speaking on subjects you know nothing of but that would limit you to saying mostly nothing. Instead of trying to own me which you never do, you should just say "I was wrong, employees don't have rights to interest on unpaid earnings". But you didn't. So go to hell, willya?

And up to your hissy fit, this thread was a good discussion except for one expected comment from a troll. And people wonder why this country is a mess. Some people can't admit they are wrong and then do the right thing. Sounds a lot like Trump, doesn't it?

So you think I came on here to "own" you. I made a simple post about whats right and what's wrong, but you in your typical blowhard "I know everything" attitude you just can't stand it. I administer and enforce Contracts on a daily basis, have helped shape State Contract policy, it's what I do for a living, and unlike some... I don't just consult to owners.

So, Bru, seriously, go fuc# yourself. I guess I should come on here and make an *** out of myself by calling a bunch of kids racists without knowing all the facts. Maybe that would up to your fuc#ed up world view. And people wonder why this country is a mess....