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NY Teamsters Pension Becomes First To Run Out Of Money As Expert Warns "Pension Tsunami" Is Coming
Zero Hedge ^
| 2-28-2017
| Tyler Durden
Posted on 02/28/2017 2:42:02 PM PST by blam
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Lois Lerner chuckles as she receives her $102,600 a year government pension paid for by you and me.
1
posted on
02/28/2017 2:42:02 PM PST
by
blam
To: blam
Sorry, guys, you backed the wrong horse..................
2
posted on
02/28/2017 2:44:45 PM PST
by
Red Badger
(If "Majority Rule" was so important in South Africa, why isn't it that way here?.......)
To: blam
Maybe Hillary will give you back all the money that your Union bosses donated to her campaign.
3
posted on
02/28/2017 2:46:24 PM PST
by
mass55th
(Courage is being scared to death - but saddling up anyway...John Wayne)
To: blam
Stupid is supposed to hurt.
Suckers.
L
4
posted on
02/28/2017 2:47:40 PM PST
by
Lurker
(America burned the witch.)
To: blam
Bigger than all of New Yorks Teamster locals combined is the Central States Pension Fund another looming financial disaster that could leave 407,000 retirees without pensions across the Midwest and South. And you just know they will blame TRUMP when they go belly-up..............
5
posted on
02/28/2017 2:47:53 PM PST
by
Red Badger
(If "Majority Rule" was so important in South Africa, why isn't it that way here?.......)
To: blam
I want to have compassion, I really do. I often try to...
No, still can’t.
6
posted on
02/28/2017 2:50:27 PM PST
by
polymuser
(There's a yuuuge basket of deportables.)
To: Lurker
Not sure what they did that was stupid.
Doubt these five guys were at the bargaining table.
And people here should have more class than to call hard working men suckers and stupid.
They’re not ###ing finance masters holders, they’re truck drivers.
7
posted on
02/28/2017 2:50:52 PM PST
by
dp0622
(The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
A lifetime of union dues and for what? Was it mismanagement? These union workers do not deserve this.
8
posted on
02/28/2017 2:51:29 PM PST
by
Clutch Martin
(Hot sauce aside, every culture has its pancake, just as every culture has its noodle.)
To: blam
Maybe New York taxpayers will bail you out.
9
posted on
02/28/2017 2:53:40 PM PST
by
tennmountainman
("Prophet Mountainman" Predicter Of All Things RINO...for a small pittance)
To: mass55th
Nah. That was already spent. Any excess money went to the 6 figure union boss salary’s.
10
posted on
02/28/2017 2:54:44 PM PST
by
matt04
To: blam
Let 'em all work until they are 75. All those years of fleecing everyone in sight and now the chickens come home to roost.
An additional kick in the seat is the union bosses who will laugh all the way to their sunset years with no worries since THEY aren't participants.
11
posted on
02/28/2017 2:54:57 PM PST
by
freedumb2003
(Not tired of winning yet!)
To: Red Badger
And all those votes for Democrats......how’s that working out for ya guys?
See, that’s the problem with liars. They sold you a nice scheme.
12
posted on
02/28/2017 2:56:32 PM PST
by
SaveFerris
(Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
To: dp0622
13
posted on
02/28/2017 2:56:49 PM PST
by
deweyfrank
(Nobody's Perfect)
To: blam
Dang, I just noticed how these 2 pictures look almost alike! And for the same reason!:
14
posted on
02/28/2017 2:57:31 PM PST
by
freedumb2003
(Not tired of winning yet!)
To: freedumb2003
"An additional kick in the seat is the union bosses who will laugh all the way to their sunset years with no worries since THEY aren't participants. " Just like our US congress excluded themselves from Obamacare?
Or, makes it lawful for them to do insider trading and against the law for me and you?
15
posted on
02/28/2017 2:58:39 PM PST
by
blam
To: blam
Talk to these guys about your pension money.
But be...respectful.
16
posted on
02/28/2017 3:01:49 PM PST
by
PLMerite
To: tennmountainman
"Maybe New York taxpayers will bail you out." There will be screaming to federalize all these bankrupt union pension funds.
Thank God for Donald Trump.
The Democrats would have me and you paying them.
17
posted on
02/28/2017 3:01:53 PM PST
by
blam
To: blam
You are so right.
Any GOP President would bail them out.
Not Trump. Not ever!
18
posted on
02/28/2017 3:04:19 PM PST
by
tennmountainman
("Prophet Mountainman" Predicter Of All Things RINO...for a small pittance)
To: blam
and at the end of the day, math trumps the statutes.
Always Will!
I still don’t understand why we Don’t deal with these Fantasyland Pensions as a Law Enforcement Issue?? The vast Majority of “pensions” are Mathematically impossible to Fulfill. We call that CRIMINAL FRAUD, JAIL All the parties involved in these Fraudulent Contracts and seize all their assets for a Start.
19
posted on
02/28/2017 3:04:46 PM PST
by
eyeamok
(destruction of government records.)
To: blam
Corrupt union thugs have been diverting pension funds to their own benefit instead of to benefit their members? I’m shocked!
20
posted on
02/28/2017 3:07:32 PM PST
by
Pollster1
("Governments derive their just powers from the consent of the governed")
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