“”” 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.
Bingo!...operative words “GOVERNMENT WORKERS”....
Free enterprise pension funds have to be financed correctly....even if they are run poorly
Government pensions are used like petty cash accounts.....when they have to be re-funded it's the “GOVERNMENT” (taxpayers)that have to cover the loss...