FOXBusiness.com – The Next Bailout: $165B for Unions
via FOXBusiness.com – 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.
So not only to the unions drive up prices, they also get the rest of us, who don’t get the benefit of their outrageous pension plans and salaries, to pay for their pension. Where do the “bailouts” end?
Those of you who keep shouting that Obama is not a socialist don’t know what socialism is all about. THIS IS SOCIALISM. Problem is (for those who support it across the board) that only the select few “benefit” from this particular brand of it while everyone still suffers its life sucking drain on the economy and our checkbooks.