Biden releasing nearly 36 billion to aid pensions of union workers

cnbc ^ | 12-8-2022 | AP

[mythenjoseph]

President Joe Biden on Thursday is announcing the infusion of nearly 36 billion dollars to prevent severe cuts to the retirement incomes of more than 350,000 teamster retirees and workers across the United States.

[FlingWingFlyer]

A little thank you from the White House pedophile for them helping the commies stop the “red wave” in November. Sure beats two scoops of Rocky Road.

[Leep]

Probably for the mid terms.

[bigbob]

Couldn’t be the same place Trump got money for the wall cuz that was illegal and rassis

[Tai_Chung]

My 401K is down, but I don’t see him wanting to dump $103k into it.

[ZOOKER]

Would that be BEFORE or AFTER he gives the railroad workers a week's sick leave?

BEFORE or AFTER he pays off all students' college loans?

Another promise to empty the country's coffers to another group, regardless of constitutionality. He sure is generous with somebody else's money, assuming any of it is actually given.

[Irish Eyes]

I do believe you are right. This type of thing will be going on for at least 26 more months.

[ProtectOurFreedom]

“But where is he getting the money to do this? And the authorization by congress?”

LOLOLOL...the same place he got the $85 billion to give to the Taliban and the billions to Ukraine and the $500 billion to “forgive” student loans and and and...

We have $31 TRILLION of debt. It got there because nobody in government cares one whit for sound fiscal policy. Nobody.

[ProtectOurFreedom]

Ah yes. A big “Thank you kiss and hair sniff.”

[SuperLuminal]

It just keeps getting worse & worse!
Make the non-union serfs pay for the union serf's retirement pension...
The communist bastards are relentless...

”In your face” is our communist masters' favorite tool to rattle the chains of tyranny that they have wrapped around our necks...

No Big Deal!
Our communist masters know that the pathetically servile and indolent Aamerican people will just continue to roll over and spread their collective cheeks...

[mythenjoseph]

Covid relief bill that was passed awhile ago...ya know we have money sitting every where

[mass55th]

"Where does Biden get this money? Why do the Republicans let him?"

Because they get union campaign donations too.

[Stevenfo]

Why would a union pension fund manager care about rate of return on investments? If they perform badly they will get bailed out. So the managers will concentrate on increasing their pay and benefits, and having lots of conventions in Miami and Las Vegas.

[Tucker39]

Would be interesting to know what percentage of that will be laundered back into democRAT Party coffers.

[marktwain]

The only way the failing leftist cities and states can continue, is with more and more federal bailouts.

It is one of the principle reasons the deep state had to get rid of President Trump.

[BitWielder1]

And at the same time Biden is going after 401k's.
Where is the logic?

Let me guess, the Unions are short of cash because they donated heavily to the DNC, this is merely a small refund.

[mewzilla]

Deep State has been doing this for a while.

Now they’re just feeling too cocky to bother to hide it anymore.

[lula]

I thought congress held the purse strings....what?

[usconservative]

Un-Constitutional.

[lakecumberlandvet]

Unconstitutional! If only we had an operable one.

[RetiredTexasVet]

This is only the tip of the iceberg. Most of the union pension funds are underfunded or broke. Between the outright theft and fraud, totally incompetent management, and outrageous over-promising, this just the first in line. Europe is even worse. Looks like we are going to need a war to wipe all of this debt out.