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Congress must save pensions for 1.3M retirees: Fmr. House Speaker John Boehner
Fox Business News ^ | 07/18/19 | Henry Fernandez

Posted on 07/21/2019 3:57:54 PM PDT by Freedom56v2

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Congress fixing it... What could possibly go wrong?
1 posted on 07/21/2019 3:57:54 PM PDT by Freedom56v2
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To: Freedom56v2

Politicians are very qualified to solve this problem. Look at the great job they did with Social Security. It’s only a little bit upside down.


2 posted on 07/21/2019 4:02:56 PM PDT by E. Pluribus Unum ("All great causes begin as movements, become businesses and end up as rackets." --Eric Hoffer)
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To: Freedom56v2

Congress is too busy fixing other important things, like securing free stuff for illegal aliens that flooded into our country by the millions. Who’s got time for old Americans?


3 posted on 07/21/2019 4:03:31 PM PDT by roadcat
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To: Freedom56v2

I don’t have a pension, why should I have to pay for their pension?


4 posted on 07/21/2019 4:04:06 PM PDT by JoSixChip (Trump stands alone.)
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To: Freedom56v2
maybe not drawing full pension at 50 would help more than fleecing us taxpayers...
5 posted on 07/21/2019 4:05:56 PM PDT by Chode (Send bachelors, and come heavily armed!)
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To: Freedom56v2

I see Boner is delighting in making Big Bucks as a lobbyist whore - in between his golf and his alcoholism.


6 posted on 07/21/2019 4:06:52 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: JoSixChip

Agreed!


7 posted on 07/21/2019 4:07:43 PM PDT by griswold3
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To: E. Pluribus Unum

Let me translate for you:

multiemployer = union


8 posted on 07/21/2019 4:07:45 PM PDT by FirstFlaBn
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To: Freedom56v2

No real detail on which retirement funds are underfunded and why. This has only just begun and has been foreseen for many years in advance. This is another known problem where the can has been kicked down the road time and again.


9 posted on 07/21/2019 4:08:36 PM PDT by Will88 (The only people opposing voter ID are those benefiting from voter fraud.)
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To: Freedom56v2

“...to the underfunded multiemployer benefit plans.”

_________________________

Why are they now underfunded?


10 posted on 07/21/2019 4:09:00 PM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: Freedom56v2

This is how it will begin.

Taxpayers in Idaho, a state that pays very low middle class or working class wages to public workers, will be asked to bail out the cadillac pensions of public and private workers in high tax and spend states.

This is not what America is about.

Teachers who make 45k a year should not be asked to bail out teachers who used a union and jacked up the pay for the same task to 90k or more. This is true for autoworkers, police, fire, utility workers, etc etc.

Every American has the right to pick and choose a job based not only on their own pay and benefits, but on the sustainability of their expected retirement. I should NOT have to bail out an entity that paid firefighters 200k a year with overtime that counted towards their retirement benefits!

This is going to be a huge problem for our nation moving forward in addition to the crushing government debt at all levels. The private sector is in the same bad shape as government is within many sectors and Americans do not see the hidden cost in utility rates, the cost of cars, the cost of healthcare, and the list goes on.

We all want a good retirement. I think most of us also want to leave a financially viable and sustainable world for our children. We have a debt problem and when you add our pension debt problem to that (to include social security) we are in very bad trouble.


11 posted on 07/21/2019 4:10:17 PM PDT by volunbeer (Find the truth and accept it - anything else is delusional)
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To: Will88

No real detail on which retirement funds are underfunded and why. This has only just begun and has been foreseen for many years in advance. This is another known problem where the can has been kicked down the road time and again.


This may be a clue...
The Retirement Security Coalition includes employers, labor unions and policy experts in conjunction with UPS, the United Association of Plumbers and Fitters and the U.S. Chamber of Commerce.


12 posted on 07/21/2019 4:12:43 PM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: Freedom56v2

Many of the pension of which they speak are those of Leftist states that have promised their unions golden pensions that were incapable of being paid. Why should the Federal Government, i.e. the rest of us taxpayers have to pay for the corrupt and irresponsible Leftist state governments and the equaly corrupt unions.


13 posted on 07/21/2019 4:15:09 PM PDT by falcon99 (qu)
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To: roadcat

“Congress is too busy fixing other important things, like securing free stuff for illegal aliens that flooded into our country by the millions. “

I rode through the park down the road from my house this afternoon and there was a Mexican birthday party going on complete with Pinata and everything. We pay for their housing, healthcare, education, food and give them tax rebates all so the employers can make extra money. It’s a very sick system we have going on here.


14 posted on 07/21/2019 4:16:02 PM PDT by dljordan
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To: Freedom56v2
Did Boehner suddenly get released from rehab? That drunk had fallen off the map yet here he is risen from the grave.

The last couple of weeks he has been stumbling around trying to regain the public eye. His first feeble recent attempt was as a #NeverTrump stooge. I wish that jackass would crawl back into the bottle forever.
 

15 posted on 07/21/2019 4:16:19 PM PDT by Governor Dinwiddie (In Italia i fascisti si dividono in due categorie : i fascisti e gli antifascisti. -- Ennio Flaiano)
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To: Freedom56v2

Republican Socialism


16 posted on 07/21/2019 4:16:42 PM PDT by TheNext (Diversity: Darker Replaces Lighter)
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To: Freedom56v2

What is this? Unions that demanded too much and cities that bought favors with lies?

No way to bailing out corrupt liberals.


17 posted on 07/21/2019 4:18:30 PM PDT by GOPJ (Joe Biden in 1987:"We (Delawareans) Were on the South's Side in the Civil War". Back in chains Joe?)
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To: JoSixChip

Me either. I am employed in a business that was not one of Obama’s favored ones. At the time of his election I had two kids in college and $50k in savings, now I have none, no pension and considering bankruptcy, and I’m supposed to pay for these people to have a pension along with a few million govt employees my age that have been retired for 10 years already?


18 posted on 07/21/2019 4:19:56 PM PDT by nobamanomore
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To: Freedom56v2

It’s better to go bankrupt early, and get bailed out early. If / When the tidal wave comes, the public will revolt and there won’t be any money left


19 posted on 07/21/2019 4:20:14 PM PDT by PGR88
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To: Freedom56v2

Jumping to social security and Medicare I have this question that I wonder if someone can answer. I am sure that the government workers pay their share of social security and Medicare payroll taxes, but does the government pay its share?


20 posted on 07/21/2019 4:20:51 PM PDT by Brilliant
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