Monday, May 24, 2010

The Next Bailout: $165B for Unions

Fox Business reports:
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.
No word yet from former labor leader Bruno Caruso on this one.