Why am I not crying any tears over these union thugs problems ?
You probably should be as you and I will end up shoring these plans up.
Don’t hold back from crying just yet... Union goons prop up liberal elites - that bunch will find a way to take YOUR taxpayer money and bail out the union crooks.
We NEED a bankruptcy of a major state or union pension fund, and the ensuing political debate, to spotlight changes to entitlements and Gov’t union corruption that must be made
Its a Rahm Emanual “don’t let a crisis go to waste” opportunity for conservatives. Let’s hope it happens soon.
“With just 60 cents of assets for every $1 in obligations, the Teamsters pension fund is considered in “critical” status by the Pension Benefit Guaranty Corp., the federal agency that backstops failed pensions.”
While not currently funded by tax revenues, you can bet that when some of these big union pension funds go belly up, the Pension Benefit Guaranty Corp. will run to Uncle Sugar for cash.