"The Next Bailout: $165B for Unions"

[WhiskeyGirl]

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, people making less than union wages get to pay to bail out the unions.

Why not just scale back on the pensions, to what the funds will pay for?  I believe that's how it's done elsewhere.

Did Bernie Madoff's clients get 100% of their nest eggs back? 

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.

How many of those pension will go to foreigners?  Foreign union members?

American's are broke.  Nation deeply in debt.  No money for Main Street, just special interests.  No jobs, no prosperity, just deeper debt being forced on a nation by Washington and the White House.

more here - http://www.foxbusiness.com/personal-finance/2010/05/24/lawmaker-introduces-b-union-pension-bailout/

just my opinions

[WhiskeyGirl]

Washington should not be in the bailout business.

Union members should hold their union leadership accountable.

Where's the money?

Follow the money.