Wednesday, May 26, 2010

How Is Your Pension Looking? - The Next Bailout: $165B for Unions

A 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.

Comments: Things are tough. We are all in this together except Government and Union workers. They seem protected by our government. Are you getting sick of this crap? When the government decides "some" need help they take it from those who "don't" need help. So the guy who worked for lower wages or ran a business or was in management has to give to the union/government Mafioso. What if the we lose our job or business? No help for you. All in a day's work.

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