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:
If the national debt situation does not improve, people with pensions can kiss them goodbye. Hillary does not care about anybody but herself. She will continue Obama’s failed policies. Only Trump will try to get the national debt under control…
What the hell did they think was going to happen welcome to America that is the United States of orwellian
401K’s are not safe. Any money in the system is at the same risk.
Bet you all voted Demobrat …and for Obama…Fess up..
Ask yourself, in America where is all the money? Well for most companies employees it was pensions. The government is targeting the real money! The hard stuff. Where else is the dollars? 401k buddy. Thats next the stock market will crash taking your retirement with it.
Ss will be gone also. The wealth of this country has dried up
Buy gold and silver
Lol your funny. The bankers and politicians are the problem
Say no to 401k
Money vs currency