Lawmaker Introduces $165 Billion Union Pension Bailout Bill

FoxBusiness.com ^ | 05/24/2010 | Erik Berte

[unique]

Surely, the Republicans will stop this from happening - they don’t get Union votes anyway, or not many.

If this does happen, America as we know it is doomed - there will be no rolling back the Obama BS.

Also, anyone that goes into the private sector seeking a career is going to have a rough row to hoe from now on.

[teletech]

GOP already bad guys to Unions. It will make no difference, Unions will spend money to attack GOP no matter how they vote. Since Unions now make up a very small percentage, I want this voted down.

I too want this voted down. Matter of fact, I think it's criminal to take tax payer funds and prop up ANY pension fund.

[GOPJ]

We’re broke now - we can for Godot - he’ll save us.

[Lancey Howard]

Well, I have read that unions plan to spend $100 million on the 2010 campaigns in an attempt to protect Democrat incumbents. So this bill only makes sense. The unions, like the trial lawyers and the abortion industry, is nothing more than another laundromat for washing public tax dollars on their way into Democrat campaign war chests.

[denydenydeny]

$165 million IS paltry, but have no fear...

Although right now taxpayers could possibly be on the hook for $165 billion, the liability could essentially be unlimited because these pensions have to be paid out until the workers die.

What the article doesn't say is why the pension funds are so underfunded: They used the money to elect Obama and other Democrats in the 2006-08 cycles.

They want to establish a permanent slush fund for the election of Democrats.

If all 41 don't filibuster this, it really IS the end of the Republican party.

[JPG]

NO, NO, NO, NO, NO, NO, STOP, NO MORE!!!!

[Taxman]

Yes, who is going to bail the American Taxpayer out?

Is it 2012 yet?

[cherry]

the pension board greatly reduces your pension based on your age....that happened to my husband who after 27 yrs of faithful service was kicked into the pension board....he got maybe 1/3 of what he should have gotten if he had the full pension.....

there is no cola...what you get is what you get....

interesting to see if these high and mighty auto workers get a lot more money than the other poor slobs...

[FreeStateYank]

NO! HELL NO!

[Publius6961]

Which is another way of saying, you will make him look smarter than he really is.

You know, this traitor, like Obama, doesn't care what you call him, so long as he has the final word.

So long as he maintains his boot on the throat of the dissenters, that is...

[ding_dong_daddy_from_dumas]

SEIU Official Says Reforming Immigration Could Add 8 Million Democratic Votes

It's a hell of a lot more than 8M in the long run.

[facedown]

Where does it stop?

When the government commands and controls the entire economy.

[WOBBLY BOB]

or when we ALL work for the gubermint:

“Private pay shrinks to historic lows”

http://www.freerepublic.com/focus/f-news/2520837/posts

[gmmb]

Does anyone know how you could tell this money is coming out of your 401K? Or how much. thank you

[Painesright]

Yep, it is all very clearly indicated what is savings from 401K money.

Their line will be “we ALLOWED you to save this money tax free, so we have the right to take it if we need it.”

[Oceander]

It doesn't. It didn't stop with the brownshirts, and now it continues with the purpleshirts.

[gmmb]

Is it in my best interest to drain my 401K and put the money under the mattress will that save me anything.

[Painesright]

I wish I knew... there is simply no safe place for hard-earned money anymore.

Those who are “less fortunate” have declared it their right to take it from those who earned it, and the politicians are only too happy to rob the producers in exchange for the votes of the moochers.

A sad state we are in, indeed.

[Frantzie]

Too many stupid Americans watching TV as ALL of TV supports Obama. Viewers empower him. A nation of fools.