Obama’s constant payoffs to unions

Now Democrats Want Another $34 Billion to Bailout Teamsters Pension


By Warner Todd Huston
Sunday, August 22, 2010

When will Obama’s gifts to unions (at the expense of the taxpayers) ever end? On the heels of a $26.1 billion teacher union bailout, http://theunionlabelblog.com/2010/08/12 ... t-need-it/ now Democrats are attempting to get Congress to give $34 billion of the taxpayer’s money to the Teamsters because that union has mishandled its pension funds.


Senators Robert Casey (D., Pa.) and Rep. Earl Pomeroy (D., N.D.) are now pushing the bill that will bailout the Teamsters pension fund by altering the U.S. Pension Benefit Guaranty Corp. which currently charges insurance rates to the funds it helps to solvency. Under new rules the help the PBGC offers troubled pension funds will now just end up coming out of federal funds.

As Kevin D. Williamson of National Review informs us, http://www.nationalreview.com/exchequer ... henanigans as the PBGC law stands now the obligations that PBGC takes on to help “orphan pensionsâ€