Posted on 07/17/2019 11:09:55 AM PDT by Be Careful
House Democrats will bring a $64.4 billion measure that would provide financial lifelines to union pension plans to the floor next week.(( what about those of us in small business, the largest US employer base that has no guarantees and will be the ones funding this by draining what little we do have in reserve??))
(Excerpt) Read more at rollcall.com ...
Sounds like time to give some input to our Congress representatives about what a terrible plan that would be.
While Roosevelt tends to get the credit, it was Kennedy that allowed the Feds to unionize and agree to binding arbitration, if I’m not mistaken. And it was done by EO, as well, I think. Wonder what would happen if the President rescinded that and took away all their cozy protections?
Well, that’s not a political move in any way.
so....they’re taking our money to pay people not to work?
It’s not a rescue, either.
It’s a bailout.
Screw this. I want a pension too. So now not only will I not have a pension, my taxes will give a nice pension to some democrats. This sucks.
Wonder how much of this is due to Janus....
Won’t pass with Republicans in control of the Senate.
If (God forbid) Democrats get total power again they’ll do the Theresa Ghilarducci thing and confiscate all our IRA’s and 401Ks, rolling them together with failed union pensions into one big Super Social Security program.
Sorry. They are in office.
They don’t care what anyone thinks.
They will do whatever they can to get donations for their on-going campaign.
Your opinion?
Doesn’t matter now that there is no election to be won.
No bailouts. I am however in favor of rescinding the pensions of union bosses and elected officials that gave away the store.
The EO was later backed up by an act of Congress and signed into law.
[The UAW worker gets] an average $26 an hour ($60,000 a year) plus benefits that bring the company's total cost per worker to a staggering $65 an hour.
(https://answers.yahoo.com/question/index?qid=20070924073107AAuGk8O)
At 2000 hours per year, that's $130,000. That's about double what I made 13 years ago as a Big-Ten university prof with a Ph.D., and I'm supposed to bail them out now? Screw that!
What about social Security and Medicare?
what would john galt do?
The main thing is that most Union pension plans are made between the Union and the employer. I worked for NY State, and the Union had an agreement with the State that employees would donate a certain percentage of their salary each payday, and the State was to donate the same amount. Although NY welched on many of their donations, and got into arrears, I would never expect American taxpayers to pay for bailing out my pension fund when the State Government hadn’t been fiscally responsible in the first place. Democrats are nuts.
Yup - That is what I tell everyone when the politics convo comes up. Your 401K is tax deferred and therefore $ you never got ye. and that will be a very big yet. They will grab all of it and then give you some back based on some kind of ‘fairness’
The plan should be that the local government take any and all responsibility for any “bailout”.
If it’s Chicago, let illinois handle it. If it’s San Fran, let California handle it. There is no reason to make this Georgia boy pay for the political payoffs in Chicago, San Fran, or New York.
$64B for Dem votes? Not bad, now let the Reps try that:-)
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