Posted on 12/08/2022 7:55:26 AM PST by chuckee
Why are the Teamsters still even allowed to operate? They have always been a criminal enterprise - with deep connections to the criminal underworld - and with a history of violence and literal terrorism.
$36 BILLION divided by 40,000 ‘workers’ == $900,000 PER PERSON
That horse has been out of the barn for a long time...
JOE ran on the premise that EVERY SINGLE JOB in the USA should be a UNION job.
why cant he bail out my retirement plan? Or start me one? Republicans should turn this around in an ad for black americans, saying biden paid out 36B for teamsters but didnt give you squat!
Actually, it is more than 36 billion. It is 86 billion that the Covid Relief slushfund gave Biden exclusively to bail out union pensions through the Pension Benefit Corp. This is just the first tranche. More to come
https://www.cnbc.com/2021/03/08/covid-relief-bill-gives-86-billion-bailout-to-failing-union-pension-plans.html
Those multi-trillion-dollar spending bills: The steals that keep on stealing.
I call them Keystone Keynesians.
“Keystone” as in Keystone Cops.
Keynes postulated reducing spending in good time and pump priming in bad.
His utter failure was to not recognize that all anyone would learn from him was a ready made excuse to spend more is enough to repudiate his ideas.
They spend more in bad times and see good times as an opportunity to spend more. Lather, rinse, repeat. They were, I would suggest, already transitioning when Nixon infamously said we are all Keynesians now.
And like many a madness it is progressive, for by now they are just spending to get their jollies, economic masturbation if you will. Mere pump priming is so yesterday. They piss off billions, trillions even, just so they can pat themselves on the back over how their morality is demonstrated by their largess. Spending as virtue signaling among those with no virtue, who are increasingly depraved.
Well, they gotta pay the one secretary and parking fees. /sarcasm
Now they even have a theory to give it an air of academic respectability - Modern Monetary Theiry!
Theory = Theory
Sure wish you could go back and edit!
“What did academics pull out of their asses to justify deficit spending, Alex.”
“Correct!”
Let the one without typos cast the first post, I sometimes say.
We are officially a s#ithole country.
Funny thing about those pension plans is that 99% of them are run by Dimocrats and they use those funds behind their people’s backs to fund their shenanigans until time to pay the pensioners. Then suddenly the pensioners find out that their pension plans are gone. Stinking Dimocrats. These people should learn that these Dims screw them in the ground, and they still vote for the criminal cartell called the Dimocratic Peoples Party of the One World Government.
I'm not following you. Which managers, the union plant managers or the investment fund managers? You would think that if the investment funds were bailed out, the fund managers would be off the hook (except for being fired for lack of competence or worse).
Less 10%. Biden is the 10% president.
Does post #59 help explain this?
The Big Guy.
Substitute “politicians” for “pension execs”.
Our children and grandchildren will feel the same anger towards us because of “entitlements” as you and I feel about this illegal boondoggle.
Government should NEVER be in the business of bailing out any private entity. Period.
The 2008 “too big to fail bailouts” taught us nothing and our government was hopelessly entangled in that from start to finish.
PS - if you think this number is bad wait until the democrats bail out the blue state pension systems. That day is coming sooner than you think.
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