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:
Most companies don’t give pensions, what is the difference between them and everyone else. Government jobs are the only I have ever heard that have pensions.
Why and How?
the union workers got in bed with the devil.they knew the tax payer was gettimng screwed,so I have to laugh,you thought you were screwing the pooch and you were the one that got screwed lol.
401k keep the money under your control to protect it. Big pots of money attract the greedy inside and outside of government.
no ,your union ripped you off.and you helped them.lol
According to Obama it’s more important to feed the terrorists that want to kill us. IMPEACH HIM
Yeah, the Muslim “Mafia”.
But our president and government officials get a pay raise???? What!!!! America we are going to have to make a stand soon….otherwise we will have nothing to stand on!!!
Does this surprise you.. All you Union people need to go to Mexico with all the other union jobs.. See Carrier.. Nestle.. Hostess … Get there before the wall is built.. All you for years voted on contracts.. No sympathy here..
Great