Democrats and labor unions have a long history of working together, with labor unions delivering piles of election cash (sucked from member dues) and union member votes in exchange for dubious, pro-union legislation such as requiring union membership to work in a state and looking the other way when unions violate laws or requirements that other entities must follow. Union pension funds have often been a reliable source for financing slush funds and other scams that enriched the union leadership and politicians, but were rarely monitored to ensure union members and their retirement funds were being protected.
The unions generally have also promised much more than they could deliver, and like all ponzi schemes, the promised money finally exceeds incoming revenue. And now 407,000 private sector workers are about to lose most of their pensions due to false promises and phony financial projections.
One of the nation’s largest pension funds will be broke by 2025, page 2:
matt devlin
That’s called Stealing!
She needs to shut up and swallow
Are you hearing this you idiot union supporters
Joe they are going after your 401 k.next
Blame the democrats for this!
Our money, our retirement all gone because of crooked politicians what a shame. Stuffing money in your mattress is your only way to keep what you have worked for all these years
Congress should get the SAME cuts!!
the usual crooked politcian theverie.
But you can bet that the union thugs will get thier share of all monies that they have gotten off the backs of the everyday workers who are forced to pay dues to support the pigs!!!