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To: uncommonsense

I just posted about this regarding SCOTUS & Obamacare decision:
If overturned HR 3200’a Sec 164, “Reinsurance Program for Retirees” [labor-union retiree med benefit bailout clause] will be fully subsidized by WH using stimulus/slush fund, possibly via the Pension Benefit Guaranty Corporation (taxpayer-subsidized bureaucracy):
http://www.pbgc.gov/

Taxpayers and the Future Sector (young voters) still get screwed with these bills, have their IRAs, limited savings & incomes robbed due to insolvent unicorn-like Rat Union pension/benefits promises.

We pay, and the Democrats still get Tax funded campaign contributions funneled through pub union dues, even those from Rat union Retirees (they still pay dues, even tho retired)...


3 posted on 06/27/2012 2:54:50 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: 4Liberty
I've learned there is an accounting number published to make the uninformed not feel too bad, then there's the real number buried and obfuscated so people don't panic and "shoot the messenger".

From your link, page 74 of Pension Benefit Guaranty Corporation Annual Performance Report [PDF]

REASONABLY POSSIBLE EXPOSURE TO LOSS BY INDUSTRY Dollars in millions FY 2011
Total $227,117

Manufacturing * $120,690
Transportation, Communication and Utilities ** $50,133
Services $25,879
Wholesale and Retail Trade $12,218
Health Care $8,818
Finance, Insurance, and Real Estate $5,953
Agriculture, Mining, and Construction $3,426

* Primarily automobile/auto parts and primary and fabricated metals
** Primarily airline

5 posted on 06/27/2012 4:27:14 PM PDT by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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