Yeah, He hates unions……

[MyTripisCut]

Pension cuts are 'not going to happen': Biden announces federal bailout for troubled union pension fund

A $36 billion bailout for a troubled pension fund will help more than 350,000 truck drivers, warehouse workers, construction workers and others.

www.usatoday.com

But let’s keep pulling against Democrats…..eventually we will ourselves like we always wanted.

 

[vantexan]

Pension cuts are 'not going to happen': Biden announces federal bailout for troubled union pension fund

A $36 billion bailout for a troubled pension fund will help more than 350,000 truck drivers, warehouse workers, construction workers and others.

www.usatoday.com

But let’s keep pulling against Democrats…..eventually we will ourselves like we always wanted.

That's the tip of the iceberg. Have you looked at the serious trouble state and local government pensions are in around the country? It's already been proven what happens when you print money to throw at problems. And eventually we'll ourselves whether we want to or not.

 

[IVE GOTTA PACKAGE 4U]

Pension cuts are 'not going to happen': Biden announces federal bailout for troubled union pension fund

A $36 billion bailout for a troubled pension fund will help more than 350,000 truck drivers, warehouse workers, construction workers and others.

www.usatoday.com

But let’s keep pulling against Democrats…..eventually we will ourselves like we always wanted.

Settle down

 

[DriveInDriveOut]

Settle down

He's just excited the pension system is completely fixed forever now.

Problem solved, nothing to see here.

 

[IVE GOTTA PACKAGE 4U]

He's just excited the pension system is completely fixed forever now.

Problem solved, nothing to see here.

Everything comes with a price tag

 

[Babagounj]

While just last week old joe was screwing over the railroad workers.

 

[TearsInRain]

shame the value of the bonds in that fund (that the US gov will force them to buy lol) will become nearly worthless under financial repression in the next decade, whoopsie!

 

[UnionStrong]

Everything comes with a price tag

Now they own us.

 

[IVE GOTTA PACKAGE 4U]

Now they own us.

 

[UnionStrong]

Exactly

 

[scratch]

So taxpayers who are not in a pension fund will have to pay for this. And I have 23 years vested in the sorry Central States Pension.

 

[TearsInRain]

So taxpayers who are not in a pension fund will have to pay for this. And I have 23 years vested in the sorry Central States Pension.

Thanks for playing, no refunds

 

[DELACROIX]

So taxpayers who are not in a pension fund will have to pay for this. And I have 23 years vested in the sorry Central States Pension.

The PBGC does charge insurance rates to cover everybody’s pension. They will continue to raise them, one of the reasons these corporations are bailing out of their pension plans and replacing them with 401ks.

 

[MyTripisCut]

So taxpayers who are not in a pension fund will have to pay for this. And I have 23 years vested in the sorry Central States Pension.

Understood, but taxpayers woulda paid taxes either way ya know.

 

[TearsInRain]

Understood, but taxpayers woulda paid taxes either way ya know.

the government isn't funded by taxpayers, taxes only exist to control the money supply (and also the people)

the government prints every expenditure it makes

 

[Sacrificial Lamb]

Now they own us.

We are all bought with a price or so I have heard.

 

[Sacrificial Lamb]

the government isn't funded by taxpayers, taxes only exist to control the money supply (and also the people)

the government prints every expenditure it makes

 

[Jkloc420]

Pension cuts are 'not going to happen': Biden announces federal bailout for troubled union pension fund

A $36 billion bailout for a troubled pension fund will help more than 350,000 truck drivers, warehouse workers, construction workers and others.

www.usatoday.com

But let’s keep pulling against Democrats…..eventually we will ourselves like we always wanted.

You think pension are in bad shape because of the democrats running it and now they got 36 billion more to up

 

[Wally]

Hopefully, the private pension fund bailouts will be challenged as unconstitutional.

There’s Nothing Equitable in Union Pension Bailouts Unmentioned in Biden’s “Equity” Report

It goes without saying that bailing out bad actors is not equitable. So, it’s no wonder the Biden administration left any mention of a nearly $100 billion selective bailout of private union pension plans out of its “Advancing Equity Through the American Rescue Plan” report.

www.heritage.org

 

[TearsInRain]

"The final regulation, however, significantly expands the ability of plans to invest SFA in securities other than investment-grade corporate bonds, allowing up to 33% of SFA to be invested in “return-seeking assets” (“RSAs”). RSAs include: U.S. Treasury securities with less than one year to maturity date"

basically they're going to "bail them out" by forcing them to buy US treasuries which conveniently need to be bought in large quantities right now to keep the Fed solvent


This is called financial repression, it's how we will avoid hyperinflation and pay the debt long term, but it does it by draining the old and middle class of any future wealth; those pensions will be "solvent" except the assets will be nearly worthless and the pensioners will be in bread lines