Moratorium

That’s a big word, worth at least three bucks to some.
I had to look it up.
Definition courtesy dictionary.com

noun, plural mor·a·to·ri·a [mawr-uhtawr-ee-uh, –tohr-, mor-], mor·a·to·ri·ums.

a suspension of activity: a moratorium on the testing of nuclear weapons.

a legally authorized period to delay payment of money due or the performance of some other legal obligation, as in an emergency.

an authorized period of delay or waiting.

Now, I can see this in relation to current events here and people on furlough from their jobs. Our government is paying up to 80% of their wages (though there are now catches conditions I believe).
There has been mention of delays and postponements of mortgage and loan repayments, and for some businesses, relaxation in tax returns. Let’s face it, most would be reporting losses for 2020 anyway.

The finances of hundred of thousands of people are in tatters, many businesses going to the wall because they can’t afford to pay their bills, moratorium or not.
Maybe it should be turned around and start with those requesting the money in the first place. Perhaps more creditors should defer asking for payment. After all, BIG Business has been raking in billions in profits in recent years, so they could afford to be generous.

Just my opinion in response to Fandango’s word challenge today

About pensitivity101

I am a retired number cruncher with a vivid imagination and wacky sense of humour which extends to short stories and poetry. I love to cook and am a bit of a dog whisperer as I get on better with them than people sometimes! We have recently lost our beloved dog Maggie who adopted us as a 7 week old pup in March 2005. We decided to have a photo put on canvas as we had for her predecessor Barney, and now have three pictures of our fur babies on the wall as we found a snapshot of my GSD so had hers done too. From 2014 to 2017 'Home' was a 41 foot narrow boat where we made strong friendships both on and off the water. We were close to nature enjoying swan and duck families for neighbours, and it was a fascinating chapter in our lives. We now reside in a small bungalow on the Lincolnshire coast where we have forged new friendships and interests.
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8 Responses to Moratorium

  1. rugby843 says:

    Dream on. But I wish they would share the wealth, how about whoever buys that golden monstrosity statue of Trump at CPAC?

  2. Carol anne says:

    I agree with you Di! On all points! ❤

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