Economy

Rant

Gold plated Union retirements to be supported by our tax $$$

Posted 24 months ago|3 comments|703 views
The big Democratic payoff
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There is a bill worming its way through Congress right now that will "bail out" the big unions floundering gold plated retirements. According to an article by Investors Business Daily it calls for $165 billion to make sure these very well paid retirees will continue to live a life of luxury on the regular workers hard earned tax dollars. It is no surprise what so ever that a Democrat has authored the bill. This is a big taxpayer funded pay off for the Democrats hoping to buy more votes for November. How pathetic. It is already estimated that as much as half of the $862 billion stimulus will be either directly or indirectly funneled to the unions as it is. Also there is a move to give education a $23 billion dollar shot in the arm. Oh well this as if giving money to the big union education system has ever increased test scores. It is apparent that this is also another union bailout as there have been moves to reduce teachers pay and benefits. When will the payoffs end? Hopefully in 2012 if America has not been run into the ground by then.


http://www.investors.com/NewsAndAnalysis...
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24 months ago: It has been in the works for a very long time.

http://www.pbgc.gov/media/news-archive/t...

See this entire statement

September 04, 2003
Statement of Steven A. Kandarian
Executive Director
Pension Benefit Guaranty Corporation
Before the Committee on Education
and the Workforce
United States House of Representatives

Make sure you go to the conclusion.

Mr. Chairman, we should not pass off the cost of today's pension problems to future generations. If companies do not fund the pension promises they make, someone else will have to pay -- either workers in the form of reduced benefits, other companies in the form of higher PBGC premiums, or taxpayers in the form of a PBGC bailout.

Thank you for inviting me to testify. I will be happy to answer any questions.
THE RONBOT HUNTER
THE RONBOT HUNTER
24 months ago: The paper which we call dollars are not worth more than 3 cents, because they are only backed by the fraud that has convinced you that it is your debt.

Thus you can rightfully call yourself a Corporate slave.

The national debt belongs to the Federal Government only and not to non-Federal subjects.

They sold out our country to the International bankers, who own our debt, as the secured parties.

The bail-out are pay-offs to the corporations, that would spill the beans if they did not get bribe money.

The fraud and treason of the Federal Government goes back many decades.

Sadly only some people know the truth of the treason committed and kept secret so that you would pay off the foreigners who own you.

I tell it like it is, I pull no punches, tell no lies, and I am as I am

THE ONE AND ONLY RONBOT HUNTER
ALL RIGHTS RESERVED

http://freedom-school.com/keating/how-a-...

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Ghost Rider 17
Ghost Rider 17
Methuen, MA
24 months ago: Unions had a very good back in the day, but I think these days they are starting to almost become more irritating than anything else.

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