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The Associated Press reported Sunday that Army Emergency Relief parted with $64 million in loans, grants and scholarships for troops and their families, between 2003 and 2007. The charity calls itself a "private nonprofit organization," but boasts it is "the Army's own emergency financial assistance organization." AER exists for "the welfare of soldiers."
But, the AP report said the nonprofit charity, during that same four years, squirreled away $117 million, adding to its $345 million investment stash.
The worst part was, the money comes from the troops themselves making donations, and reportedly, under pressure. Way to support the troops.
And then, more news. The Associated Press reported Sunday that Army Emergency Relief parted with $64 million in loans, grants and scholarships for troops and their families, between 2003 and 2007. The charity calls itself a "private nonprofit organization," but boasts it is "the Army's own emergency financial assistance organization." AER exists for "the welfare of soldiers."
I read on to learn that if troops take out loans, they must clear the loan before transferring or leaving the service. They may find themselves demoted or otherwise chastised, the story said. That scared me. I imagined already financially stressed guys and women, signing up and serving as a way to get ahead, finding themselves in need of a loan to keep their home out of foreclosure - or to feed there families, as some attested. And then, I imagined, these sons and daughters of our nation's working poor, facing the choice of paying off a loan now, with money they do not have, or re-enlisting.