Vets/Cops ...Gov't still screwing them 80 years later

[overthecap]

Via NCPDRETIRED

This is real footage from 1932, the gov't welching on a contract.

Never heard of it or saw it.

It still happens today.

[jmandmj]

Not quite correct. They were promised the money plus compound interest in 1945, but the depression was ongoing and they wanted, no needed, the money early. Many politicians wanted to pay but it did not go through. But the federal government did not break their word and eventually ended up paying them early. This group of veterans was called the Bonus Army.

[overthecap]

Feb 14, 2014 10:24:00 GMT -5 jmandmj said:

Not quite correct. They were promised the money plus compound interest in 1945, but the depression was ongoing and they wanted, no needed, the money early. Many politicians wanted to pay but it did not go through. But the federal government did not break their word and eventually ended up paying them early. This group of veterans was called the Bonus Army.

Thanks for clearing that up

In 1924, a grateful Congress voted to give a bonus to World War I veterans - $1.25 for each day served overseas, $1.00 for each day served in the States. The catch was that payment would not be made until 1945.
Members of the Bonus Army
encamp within sight of the
Capitol, 1932
However, by 1932 the nation had slipped into the dark days of the Depression and the unemployed veterans wanted their money immediately.

I Still stand by the thread.