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.
As FOX Business Network’s Gerri Willis reported Monday, these pensions are in bad shape; as of 2006, well before the market dropped and recession began, only 6% of these funds were doing well.
Okay. I know the easy answer is "Hell no" but before you answer, think of who this is really benefiting.
The men and women who earned these pensions will be the ones getting screwed.
What are your thoughts? Should we do this? Why is it our problem? Just curious as to what everyone else's thoughts are.