Unions are desperate for a tax-paid pension bailout( unions need a bailout and fast)

washingtonexaminer.com ^ | 10/18/2010 | Mark Hemingway

[FrankR]

Unions have become just a lower tier of the democrat party...or maybe that should be communist party. They are serving their dem masters in exchange for power over the average workers' lives.

And, they are becoming the "enforcement branch" of the budding socialist kingdom pursued by obama. They are his "leg men" to do the dirty duties. The "right to work" is as basic as any other human right, because without the right to work, you are just an enslaved victim of a protection racket...that's all unions do.

Where do you think obama and the democrats learned all their ways to take your money and your life away from you?

[EdReform]

Eleven of the top 20 largest political contributors are labor unions, and nearly all of that money is spent campaigning against Republicans...

Obama's foreign money can of worms (Hey Obama, check this)

[Ken H]

One can dream—and instead of counting sheep, we count on Hatch, Snowe, Collins, McCain, Graham, and Cornyn.

To the people of Utah - Never count your Hatch before he chickens:)

[SunkenCiv]

thanks goldendays.

City of Bell Police Union Asks for $71 Million Federal Bail-Out From Congress [Whoa!!!]
Bell Police Officer’s Union and the Municial Employees Union, AFSCME | 10-19-10 | BASTA
Posted on 10/19/2010 6:35:42 AM PDT by joinedafterattack
http://www.freerepublic.com/focus/news/2610286/posts

[Navy Patriot]

For the nation and the economy to survive, most unions are going to have to be severely limited in their priveleges, and ALL government employee unions are going to have to be crushed and made illegal.

Defined contribution plans with proper trust management will work on an ongoing basis but the trust management must be entirely separated from union officers.

[HKMk23]

Reviewing my portfolio, I've got a windfall coming. So, in the spirit of generosity, I'll gladly give a free kick in the crotch to any union man I meet asking for a government handout.

[Hoodat]

Unions need a bailout because they have already looted their pension funds in order to fill DNC coffers. Can you say ‘Misappropriation of Funds’?

[SC_Pete]

Good one. And so true. Anyone that was a friend of Teddy_________________. (fill in the blank)

[Anti-Bubba182]

"..In order to survive, unions need a bailout and fast..."

Pffttt!

[dforest]

and Hell no and more hell no. LOL

[Cboldt]

Do you (or anybody else reading this) know the parameters for qualifying a plan for the Pension Benefit Guaranty Corp.? I believe a number of bankrupt airline pension plans fell into this bucket, and for whatever reason, I assumed that this “safety net” applied to the pension plan of any entity that went bankrupt, regardless.

[Cboldt]

I went looking for myself - still don't exactly what new giveaway is being proposed, but PBGC does cover, it appears, any company that decides to buy in, in the first place.

www.pbgc.gov/

PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of more than 44 million American workers and retirees in more than 29,000 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.

[IM2MAD]

Perhaps unions need to cap pensions to the extent that they are funded. Why rob social security to pay unions. Some of those union guys probably do or will draw SS as well as their pensions.

[GeronL]

They should fully fund their own pension programs without tax dollars.