Veterans Administration
Categories: Regulations, Tax
Great times call for great measures. The Great Depression called for a lot of things, including the creation of the VA, the Veteran’s Administration.
Back in those days, it was an independent agency, but in 1988, it became a U.S. cabinet department, the Department of Federal Affairs. Consolidate, consolidate, consolidate.
The VA is known for providing healthcare benefits to veterans, as well as providing veterans with certain perks, like subsidized mortgages with more lax requirements. Famously, VA loans require zero down payment, something you won’t find for even the most lenient of conventional mortgages, or even FHA loans.
Other services the VA provides U.S. veterans: disability insurance, education, training, rehab, counseling, life insurance, and veteran benefits.
While the VA does, in fact, exist...it has been known in recent decades to be notoriously underfunded. While veterans are promised things like healthcare, especially for getting injured on the job, many veterans’ basic needs aren’t being met through the VA for lack of resources. Some argue the VA is just being inefficient with its money though. Either way, it’s clear that many veterans aren’t getting the benefits they would hope for (and deserve), leaving them feeling used and dumped.
