As hard (or not) as it may be to believe, the Democrats in Congress are working on yet another bailout. Given how the American people seem to be growing more and more upset with the level of federal spending, you might find that a little surprise, especially since we're getting closer and closer to a mid-term election where recent polls continue to show the Dems in big trouble.
But you probably wouldn't be surprised when you consider just "who" the bailout is for. That's because this big early Christmas present is for the labor unions. You know, those guys who spent over 100 million (that they admit to) helping Obama get in the White House...and the same guys that the Democrats desperately need to be in high gear for them come November.
In other words, it's payback time (again) for the unions.
(Via FOX News)
A Democratic senator is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.
The bill, which would put the Pension Benefit Guarantee Corporation behind struggling pensions for union workers, is being introduced by Senator Bob Casey, (D-Pa.), who says it will save jobs and help people.
As FOX Business Network’s Gerri Willis reported Monday, these pensions are in bad shape; as of 2006, well before the market dropped and recession began, only 6% of these funds were doing well.