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More Proof That Alexandria Ocasio-Cortez is Clueless as to What Happens When You Give Away Money

EconomicPolicyJournal.com ^ | July 27, 2019 | Robert Wenzel

Posted on by PPSman

On Monday, Equifax settled with the US Federal Trade Commission over its 2017 data breach, which affected 147 million Americans.

The settlement of up to $700 million includes as much as $425 million for individual compensation including $30 million for "Alternative Reimbursement Compensation."

So naturally, AOC sent out this absurd tweet:



(Excerpt) Read more at economicpolicyjournal.com ...

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KEYWORDS:

anotheraocthread

aoc

equifax

giveaways

mathishard

newyork

ocasiocortez

occasionalcortex

rentfree

rentfreeonfr

socialists

worstexcerptever





To: PPSman

Can’t really say who is dumber: AOC or the mouth-breathers who elected her.



by 2 posted onby 60Gunner (The price of apathy towards public affairs is to be ruled by evil men. - Plato)

To: PPSman

Why would the majority of her supporters need credit monitoring?



To: PPSman

Well, she WAS an economics major, 4th in her class I understand!



To: 60Gunner

Probably best to ignore this clickbait posting account.



To: 60Gunner

That would be a tossup.



by 6 posted onby Blood of Tyrants (Where does it say in the Constitution anyone is entitled to the property another has labored for?)

To: PPSman

so what DID she say???

so what DID she say???

by 7 posted onby Chode (Send bachelors, and come heavily armed!)

To: Real Cynic No More

......Well, she WAS an economics major, 4th in her class I understand!..... So who was her professor ...... the great grand son of Karl Marx??



by 8 posted onby Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))

To: Chode; All

Alexandria Ocasio-Cortez @AOC Everyone: go get your check from Equifax! $125 is a nice chunk of change. Get that money and pay off a bill, sock it away, take a day off, treat yourself, whatever youd like - but cash 👏🏿 that 👏🏽 check! 👏🏻 💸 It takes one minute. Do it here 💸: (link: https://eligibility.equifaxbreachsettlement.com/en/eligibility) igibility.equifaxbreachsettlement.com/en/eligibility Of course, anyone whose brain isn't made out of fried coprolite would realize that Eqifax isn't going to send out $125 to 147 million people. That would be $18.4 billion. The net worth of the company is only $7 billion. Try squeezing $18.4 billion out of $7 billion and call me when you are done. Here is what the settlement really says: [Y]ou may file a claim for Alternative Reimbursement Compensation for up to $125. To claim Alternative Reimbursement Compensation you must certify that you have some form of credit monitoring or protection services on the date you submit your claim form and that you will keep those services for a minimum of six (6) months...If there are more than $31 million claims for Alternative Reimbursement Compensation, all payments for Alternative Reimbursement Compensation will be lowered and distributed on a proportional basis. The Alternative Reimbursement Compensation is an alternative to 10 years of free credit monitoring services from Equifax. But the real key to the alternative reimbursement is that the cash payments are capped at $31 million and dispersed on a proportional basis. Thus, if all 147 million people file for their portion of the settlement via this alternative, they each get a check for 21 cents. So much for the financial acumen of the socialist genius and her nutty thinking that there is a $125 give away to 147 million Americans. Someone must have eventually clued her in. She later tweeted: Alexandria Ocasio-Cortez @AOC · Okay everyone UPDATE on Equifax: for most people the better deal is 10 years of free credit monitoring. Theres apparently a run on settlements so theres anxiety people are going to get 16 cent checks. But if you choose 10 years of credit monitoring, Equifax *must* cover it. Duh! A run on free money, something a socialist would never spot.



by 9 posted onby deoetdoctrinae (Donate monthly and end FReepathons.)

To: PPSman

And to think Stacy Dash was “Clueless”, and of course much better looking, and not clueless at all. Whereas, Acassssio, Occational Cortex, horse teeth, and too clueless to know she is clueless...



by 10 posted onby CincyRichieRich (Vote for President Trump in 2020 or end up equally miserable, no rights, and eating zoo animals)

To: deoetdoctrinae

But the real key to the alternative reimbursement is that the cash payments are capped at $31 million and dispersed on a proportional basis. Thus, if all 147 million people file for their portion of the settlement via this alternative, they each get a check for 21 cents. ChaChing!



by 11 posted onby KarlInOhio (Who's the leader of the club that feeds on dead babies? M-O-L... O-C-H... M-O-U-S-E.)

To: deoetdoctrinae

thx...



by 12 posted onby Chode (Send bachelors, and come heavily armed!)

To: PPSman

AOC, there's always a catch. TANSTAAFL Badfinger - Come and get it (1969)



by 13 posted onby higgmeister ( In the Shadow of The Big Chicken)

To: edwinland

It’s actually a good article.



by 14 posted onby metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith..)

To: CincyRichieRich





dude, there are rules ya know...

by 15 posted onby Chode (Send bachelors, and come heavily armed!)

To: PPSman

if all 147 million people file for their portion of the settlement via this alternative, they each get a check for 21 cents.



The folks in her district really can splurge and have fun with the 2 bits they receive!!



To: PPSman

On the one hand its quite entertaining to see what stupid and moronic comments she posts every week. The say she was at the top of her class, which really makes a sad statement about college nowadays. On the other hand somehow she got the majority of the votes in her district. The dumbing down of America has worked. Somehow her squad got elected. The USA in in a downward spiral. Between senile Pelosi and stupid Cortez this country is doomed. And this is without felons voting.



To: deoetdoctrinae

First, she should have told her constituents that not everybody was breached, so they should check their status first. I was breached, others in my family were not. Tell all of her peeps to rush out and get a check is stupid. Second, I didn't need her to tell me that the years of free credit monitoring was the better deal. It's not that I need monitoring, it's about protecting against the NEXT breach. These companies wait at least six months to a year before revealing there has been a breach, so having monitoring in place is almost a requirement these days, as the companies themselves cannot be trusted to report breaches in a timely manner. -PJ



by 18 posted onby Political Junkie Too (The 1st Amendment gives the People the right to a free press, not CNN the right to the 1st question.)

To: PPSman

The obvious thing to do is to apply, but DON’T tell your friends and family members.



To: PPSman

Anybody in CONgre$$ checking this mental giant? https://www.usdebtclock.org That’s what I thought.



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