An Interview which depicts the reality

 Rep. Katie Porter asking questions to a billionaire bank CEO Jamie Dimon. Katie – “You are an expert on financial statements and you run a 2.6 trillion-dollar bank. I know you are good at numbers and you’ve shared lots of opinions recently about how the U.S. should budget its resources, how families should budget their resources. And so, I’d like to ask for your help on a problem.” Mr. Dimon nodded in an agreement. Katie pulled out her marker and the board and said - “I went to monster.com and found a job in my hometown of Irvine at JP Morgan Chase Bank. It pays $16.50 an hour and so I wondered if I could – if you’d indulge me, would you do the math on this and do the $16.50 out of 40 hours a week, for 52 weeks a year?” She continues – “It comes out to an income of $35,070. Now, this bank teller, her name is Patricia, she has one child who’s 6 years old.” She claims on dependent, after-tax, she has $29,100. We divide that by 12. She rents a one-bedroom apartment. She and her daughter sleep together in the same room in Irvine, California that average 1-bedroom apartment is gonna be $1600. She spends $100 on utilities. After the take-away of $1700, she is left with a net of $725. She is like me, she drives 2008 minivan, and has $400 for car, expenses and gas. Net $325. The department of agriculture says a low-cost food budget that is ramen noodles, costs $400. That leaves her with $75 to $77 in the red. (-$77). She has a cell phone, the cheapest cell phone she can get for $40, now she is in the red for $117 a month (-$117). She has opted for the after school child care because the bank is open during normal business hours. This comes to $450 a month that takes her down to -$567 per month. Katie, in her stern tone – “My question for you Mr. Dimon is, how should she manage this budget shortfall while she is working full-time at your bank?” Mr. Dimon – “I don’t know. I have to think about that.” Katie – “Would you recommend that she takes out a JP Morgan Chase Credit Card and run a deficit?” Mr. Dimon – “I don’t know. I have to think about that.” Katie – “Would you recommend that she overdraft at your bank and be charged overdraft fees?” Mr. Dimon – “I don’t know. I have to think about that.” Katie – “So, I know you have…” Mr. Dimon interrupts – “I would love to call up and have a conversation about her financial affairs and see if we can be helpful.” Katie – “See if you can find a way for her to live on less than the minimum that I’ve described?” Mr. Dimon – “Just be helpful.” Katie in a very steely tone – “While I appreciate your desire to be helpful, but what I’d like you to do is provide a way for the families to make ends meet, so the little kids who are 6 years old, living in a 1-bedroom apartment with their mother aren’t going hungry at night because they are $567 short from feeding themselves, clothing – we allowed no money for clothing, we allowed no money for school lunches, we allowed no money for field trips, no money for medical, no money for prescription drugs, nothing. She is short $567 already.” She continues – “Mr. Dimon, you know how to spend $31 Million a year in a salary and you can’t find a way to make up a $567 a month shortfall. This is the budget problem you cannot solve.” (Source is a Video named - “Lawmaker Challenges Big Bank CEO by Showing Him Math” on NowThis News YouTube Channel.)