Biden releasing nearly $36 billion to aid pensions of union workers

CNBC ^

[chuckee]

Biden using 36 billion of his walking around taxpayer money from his 1.9 trillion dollar covid relief spendthrift bill to bail out the underfunded Teamster's union pension fund.

[Red in Blue PA]

Effing Criminal.

[Fido969]

The pension execs got reelected and paid fat salaries for making promises they couldn’t keep.

Rather than pay back the salaries they collected based on false promises, they get Uncle Sugar to bail them out

[Red in Blue PA]

Many union retirement plans have been under financial pressure because of underfunding and other issues.

Perhaps they were underfunded so they could divert $ to top echelon people.

[chief lee runamok]

Crickets from the spineless Gomers Of Politics.

Expect the same for the next two years, minimum.

[rktman]

Oh, from the SPR? Strategic Pension Reserve! 😯🐂💩

[Bookshelf]

Could some lawyer explain the legality of this?

[unixfox]

Why should we be responsible for the unions f ups? It’s time.

FJB!

[econjack]

What the Hell!! Why am I supporting union benefits? All they did for me was raise the price of things.

[chuckee]

No, this is not from the strategic pension reserve. The SPR can’t handle that amount but the taxpayers can in Biden’s book. Not sure how bailing out union political friends translates as covid relief under the covid relief bill.

[FlyingEagle]

This is simple theft of taxpayer funds.

[dforest]

How is this Constitutional?

Oh hell nevermind, this regime does whatever it wants.

[blackdog]

Uhmmm.....Congress appropriates money. Not the president.

[sappy]

too big to fail or something...

[blueunicorn6]

Those poor teamster retirees were hit really hard by Covid.

That Covid snuck into their pension plan and made all the money disappear.

Hahahahahahahahaha!

We are run by thieves and idiots.

[Ol' Dan Tucker]

Could some lawyer explain the legality of this?

I'm not a lawyer, but I thought Congress held the purse-strings.

I don't think the President can spend money that wasn't allocated by Congress.

[Orosius]

Just open bribery now, not even bothering to hide it anymore.

[chuckee]

Yes, Congress appropriates money but this President feels he gets to spend it even if the money was not appropriated for that designated purpose. Covid relief and paying off Teamsters union supporters is a match only on the land of the bizarre and corrupt.

[dsrtsage]

“ Why should we be responsible for the unions f ups? It’s time.”

Same reason you gots to pay for children’s overpriced and useless “studies” degrees. They are democrat money laundering cash cows

[Antihero101607]

I think that in this day, in this country the government just does whatever, and cracks down on the citizen.