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The potato gives 36 billion to prop up Teamster's pension fund

submitted by Laputois to USPolitics 2.5 yearsDec 8, 2022 17:02:18 ago (+13/-0)     (www.freep.com)

https://www.freep.com/story/news/politics/2022/12/08/biden-teamsters-central-states-pension-plan/69710305007/

Part of last years "infrastructure" bill. Because bailing out teamsters mismanaged pension fund is infrastructure.


5 comments block


[ - ] beece 0 points 2.5 yearsDec 8, 2022 19:14:25 ago (+0/-0)

Upvoated for headline. The funny part is that everyone knows who or what "potato" refers too. LOL

[ - ] La_Chalupacabra 1 point 2.5 yearsDec 8, 2022 19:00:06 ago (+1/-0)

This is an issue of fairness, of this country keeping its word to hardworking, honest people who did everything they were supposed to do in life. Our members chose to forgo raises and other benefits for a prosperous retirement and they deserve to enjoy the security and stability that all of them worked so hard to earn.

What about everybody else who also played by the rules and now won't see a dime they paid into FICA and retirement accounts?
SSI is projected to go tits-up before people my age are even eligible to draw.

And just watch: they'll make the argument that we need to bolster the revenue from income tax which will justify blanket amnesty for 60 million illegals so they can all become good little tax cattle (but why would they when they've been working under the table already? They'll get government benefits, tax credits, and all while still making bank off the books.)

[ - ] ParnellsUprising 4 points 2.5 yearsDec 8, 2022 17:11:06 ago (+4/-0)

How the fuck is this even legal? Don't they need congress to vote on this shit, or can he just dole out billions of dollars to whoever he pleases?

[ - ] ParnellsUprising 4 points 2.5 yearsDec 8, 2022 17:13:49 ago (+4/-0)

Good lord, what other bullshit is in that bill:

part of his COVID-19 relief bill, Biden won approval of a multibillion-dollar fund to help the Pension Benefit Guaranty Corp. (PBGC), the federal government's insurer of last resort, shore up so-called multiemployer pension plans set up for union members that were under financial threat of failing. Chief among them was Central States, which was expected to become insolvent by 2026