A Nation In Distress

A Nation In Distress

Friday, October 29, 2010

The 2010 Pension Bail-Out Bills

From The Heritage Foundation and The Capitol Research Center:


Labor

The 2010 Union Pension Bailout Bills

by F. Vincent Vernuccio

Capital Research Center

October 28, 2010

Labor Watch

Get ready to give some of your hard-earned cash – again – to the cronies of Congress who are pushing for yet another bailout. Two bills in Congress propose using taxpayer dollars to bailout private union pension funds. If either one becomes law, Congress for the first time will allow the Pension Benefit Guaranty Corporation to use public funds – the money you earn and pay to the government – to shore up horribly mismanaged union pension plans.



URL: www.capitalresearch.org/pubs/pdf/v1288273757.pdf

Here is a link to the report:  http://www.insideronline.org/summary.cfm?id=13835

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