Posted on 05/24/2010 12:51:28 PM PDT by teddyballgame
Democratic senator is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.
The bill, which would put the Pension Benefit Guarantee Corporation behind struggling pensions for union workers, is being introduced by Senator Bob Casey, (D-Pa.), who says it will save jobs and help people.
As FOX Business Networks Gerri Willis reported Monday, these pensions are in bad shape; as of 2006, well before the market dropped and recession began, only 6% of these funds were doing well.
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.
(Excerpt) Read more at foxbusiness.com ...
Nov. 2, 2010
bet those people from Enron and WORLDCOM Feel as if they took a slow boat to China.....
God save America from these communists.
Study: States must fill $1 trillion pension gap
http://www.msnbc.msn.com/id/35448576/ns/us_news-life
Gubermint unions are bankrupting our country...it s us VS. them (private sector against public)
nowhere is it more true than CA an NY. They are the models of our pending demise if the Dims are allowed to keep this scam going...
Study: States must fill $1 trillion pension gap
http://www.msnbc.msn.com/id/35448576/ns/us_news-life
Gubermint unions are bankrupting our country...it s us VS. them (private sector against public)
nowhere is it more true than CA an NY. They are the models of our pending demise. http://www.pensiontsunami.com/public.php
http://www.pensiontsunami.com/public.php
thats it ..i am done..no more taxes
Another top-down wonder and a show of cowardice.
The government is giving because it wants to make sure no one in the street takes any initiative for himself.
Obamah’s Non-Equal Protectionism!!
Giving half of GM to UAW wasn’t enough!!!
Outlaw government unions!!!!
Outlaw government unions!!!!
I wish we had a politician in high office who had the clout and the courage to say that.
I really has become the political class VS the private sector regular Joe .
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