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Old 07-10-2019, 01:23 PM
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Default Dem Dems are at it again

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The Dems are pushing another taxpayer bailout of multi-employer union pension funds. Now they want to create a new Treasury Dept. agency to "lend" interest free money to these unions. All pensions are backed up by the Pension Benefit Guarantee Fund which is solely funded by employer contributions. By law, private pension funds are not backstopped by the taxpayer but Congressional Democrats want to ignore the law (surprise!).
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Old 07-10-2019, 03:08 PM
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The unions negotiated the pension programs now let them fix these programs. The workers earned good money and medical benefits. The taxpayer has no responsibility to bail out these folks and their union bosses who likely diverted a sizable amount of pension contributions for other uses.
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Old 07-11-2019, 12:38 AM
Fermion Fermion is offline
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Maybe they will have some left over for this pension thing after they bail people out of 1.5 trillion in school loans, give everyone a few trillion in UBI, pay reparations to people who are seven generations or more from any possible link to slavery, give full healthcare to illegals up to age 25

I mean the hilarity doesn't end does it?
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congress, democrats, pbgc, pension, unions

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