Posted on 03/08/2021 5:32:54 AM PST by zeestephen
Tucked inside the $1.9 trillion stimulus bill that cleared the Senate on Saturday is an $86 billion aid package that has nothing to do with the pandemic. Rather, the $86 billion is a taxpayer bailout for about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income.
(Excerpt) Read more at msn.com ...
Not surprising. I’ll wager that there’s also at least $86 billion for The Kennedy Center and “gender research”
I assume a lot of these folks voted for President Trump. I’m okay with this.
Should be unconstitutional.
“ I assume a lot of these folks voted for President Trump. I’m okay with this.”
I’m not.
L
The only surprise is that it’s “only” $86 billion.
Perfect. Just in time for someone to go abuse and mismanage those pensions for another 10-15 years.
I guess the host has finally shut down my image hosting.
I was trying to post my “This is my shocked face” graphic, but no.
“”” Rather, the $86 billion is a taxpayer bailout for about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others”””
I would like to know who the “OTHERS” are.
I suspect the vast majority of the pension bailouts are for the state and local government workers in the Democrat States who have implemented pension plans over the years that are severely underfunded.
No wherein the article or links could I find the name of even one pension plan for a single or multiple company. Some one got big salary to publish bogus statistics.
The S&P 500 (SPY) increased 60% during the four years of the Trump administration.
How the heck do 185 union pension plans almost go bankrupt when the most basic stock portfolio possible goes up 60%!
DEFUND socialist collectives, foreign and domestic.
“””I assume a lot of these folks voted for President Trump. I’m okay with this.”””
I assume a lot of these “others” are government worker pukes who voted for Biden. I am not okay with that.
Benefits going out don't equal funding coming in plus portfolio performance.
Your “shocked face” image in Comment #7 came through fine on my computer.
Windows 10 - MSFT Edge Browser
Uh-huh. But not government employees, eh? Because their pension plans are so well-managed that there is no danger of their plans collapsing.
Sure is nice of Nanzi and Chuckles to care so much about truck drivers, retail clerks, builders and others while simultaneously destroying their livelihoods.
Back when Obama passed the stimulus bill in 2009, I did some slicing and dicing after downloading spreadsheets supplied by a “transparency” website so “taxpayers could see where their money was going to improve infrastructure and ‘shovel-ready’ jobs...”
I will say, they abstracted the data so heavily that it was nearly impossible to figure out what money was going where, but in breaking down the distributions to one of the most wealthy towns in my state, there was something that stuck out, it kept coming up.
This was just two fiscal quarters in Massachusetts (yes, two quarters) of stimulus money going to pay for teacher’s unions healthcare:
FY 2010 Q2
MINUTEMAN NASHOBA HEALTH Health Insurance premiums for district employees $1,184,601
MINUTEMAN NASHOBA HEALTH School employees health insurance payments (Apr-Jun) $382,238
MINUTEMAN NASHOBA HEALTH GROUP 4th quarter FY09 health insurance premiums $265,251
FY2010 Q3
MINUTEMAN NASHOBA HEALTH School employees health insurance payments (Apr-Jun) $382,238
MINUTEMAN NASHOBA HEALTH Health Insurance premiums for district employees $1,184,601
MINUTEMAN NASHOBA HEALTH GROUP FY10 health insurance premiums $183,765
MINUTEMAN NASHOBA HEALTH GROUP 4th quarter FY09 health insurance premiums $26,5251
MINUTEMAN-NASHOBA HEALTH GROUP Health Insurance Trust $241,820
MINUTEMAN/NASHOBA HEALTH Emp por health insurance premiums for school employees $18,8029
Heck. And that “stimulus” was for only about $900 billion. It was all a scam to get money into the pockets of these kinds of areas. This was one of the wealthiest towns in the state, and they got this much in one or two quarters.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
Teacher’s Union Healthcare.
THAT is what the “vital and much needed American Recovery and Reinvestment Act” was all about. Citizens like you and me, citizens without healthcare, paying for healthcare for people like the Teacher’s Union Healthcare so they don’t have to pay a cent of their own money, so all their healthcare is paid for.
This $1.9 Trillion dollar “stimulus” is the exact same thing for various unions and mismanaged Leftist locales.
Ah! Thank you-I have to take a look deeper then...:)
Yeah, it seems the government workers (the swamp) always gets the lion’s share.. :(
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