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Biden To Spend Billions Of Taxpayer Dollars
Bailing Out Union

Original Article

Posted By: Garnet, 12/8/2022 1:36:13 PM

President Joe Biden is set to announce a roughly $36 billion bailout for union pension plans Thursday after his calls for Congress to force rail unions to accept a new contract strained his relationship with labor groups. The Central States Pension Fund (CSPF) primarily represents more than 350,000 workers in the Teamsters Union, and was set to become insolvent by 2026, according to CNBC. The bailout is funded through the March 2021 American Rescue Plan (ARP), Biden’s signature COVID-19 relief legislation, and is intended to keep the CSPF solvent through 2051 and prevent a 60% cut to members’ retirement benefits, Bloomberg reported.

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Reply 1 - Posted by: hershey 12/8/2022 1:55:40 PM (No. 1352118)
Of course, gotta buy those votes...years ago you could do it for a shot of whiskey...a bit more expensive now...
11 people like this.

Reply 2 - Posted by: Merlin251 12/8/2022 2:05:04 PM (No. 1352131)
Before they bailout the Teamster's Pension Fund to the tune of 36 Billion dollars, that's billion with a B, there needs to be a complete audit of the fund, and the Union Officials held accountable for any missing funds!!!
15 people like this.

Reply 3 - Posted by: chance_232 12/8/2022 2:19:38 PM (No. 1352147)
I'm sure that any day now, pResident Bidet, will make whole my 401K savings......../S/
11 people like this.

Reply 4 - Posted by: anniebc 12/8/2022 2:21:09 PM (No. 1352148)
Money laundering our money into the hands of leftists again.
15 people like this.

Reply 5 - Posted by: vhs68 12/8/2022 2:31:57 PM (No. 1352159)
Redux of the 2009 GM auto unions bailout. Stockholders got skewered, but not the unions. and guess who was behind that fiasco? Yes, the genius duo of Obama/ Biden. You people had enough yet?? Apparently not......
10 people like this.

Reply 6 - Posted by: earlybird 12/8/2022 2:32:15 PM (No. 1352160)
Biden (late of the Obama “pen and phone” way of doing business) has certainly managed to amass a dandy slush fund for stuff like this. Gives him the ability to do end runs around Congress with his vote-buying largesse… Our money.
9 people like this.

Reply 7 - Posted by: Birddog 12/8/2022 3:06:11 PM (No. 1352179)
yyup...Gotta pass it to see whats in it...No time to wait, must pass TODAY to save Democracy....from Covid.
4 people like this.

Reply 8 - Posted by: nwcudagal 12/8/2022 3:26:38 PM (No. 1352191)
My 403b is going to be insolvent long before 2026. Biden is the worst pResident in history.
7 people like this.

Reply 9 - Posted by: Right Time 12/8/2022 3:46:30 PM (No. 1352194)
Hey, Sniffer. How about the $2- mil you cost my 401K since January 2021, you cheating, leftist bastid?
8 people like this.

Reply 10 - Posted by: privateer 12/8/2022 3:49:14 PM (No. 1352196)
It's not really your money. It belongs to the 'Friends of Joe Biden'....FJB for short. Yep, that's where your money's headed. FJB
4 people like this.

Reply 11 - Posted by: Condor44 12/8/2022 3:51:26 PM (No. 1352197)
Uow about bailing me out and paying my credit cards off. FJB!
4 people like this.

Reply 12 - Posted by: WimeTarmerFable 12/8/2022 5:08:18 PM (No. 1352248)
Well, that's what you get when the Union invests a major percentage of their "trust fund" with Bernie Madoff. It only took a few years for them to get it from US.
2 people like this.

Reply 13 - Posted by: paral04 12/8/2022 5:54:51 PM (No. 1352294)
Why am I paying to bail out a crooked union? The union thugs need to empty their pockets and then go to jail.
3 people like this.

Reply 14 - Posted by: Penney 12/8/2022 6:08:35 PM (No. 1352302)
This President(D!!) is demonstrably about sinking America in debt every which way! This is just another in his lengthening list which accelerates the demise. Who is pulling his strings behind the curtain?
3 people like this.

Reply 15 - Posted by: paral04 12/8/2022 6:10:28 PM (No. 1352305)
What the heck is Congress doing letting this guy throw money around? We have a budget and there is no money there for bailing out unions. Let them get insurance for that.
3 people like this.

Reply 16 - Posted by: TJ54 12/8/2022 6:21:15 PM (No. 1352314)
The Courts need to block this theft
3 people like this.

Reply 17 - Posted by: pensom2 12/8/2022 10:18:30 PM (No. 1352415)
This will look like nothing after California state employees pension fund comes calling in a few years.
0 people like this.

Reply 18 - Posted by: mifla 12/10/2022 5:50:34 AM (No. 1353361)
The word is out - Biden will buy votes, price no object. Step up and name your price.
0 people like this.

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