Free Markets, Free People

Speaking of pensions and unions

If you loved TARP, were enamored with the government bailout of banks and financial institutions and orgasmic at the government takeover of GM and Chrysler, you’ll love this as well:

Here, let me lay it out for you – if Bob Casey can push this through Congress and rescue private union administered pensions via taxpayer money, what has been set? Why precedent, of course.
Now refer to the story about California just below this one and tell me what the number you see there amounts too.  If Congress grants relief to union administered pensions, it’s only fair that it do the same with those owed by state governments who are also upside-down on pension benefits to the tune of multiples of billions of dollars (in CA’s case 500 billion), right?  I mean can you expect California’s pension debt to be characterized as anything other than a “crippling expense” that “threatens” the financial viability of the state and “the jobs of its employees?”  Yeah, I can’t either.  But I can imagine California and other states petitioning the federal government under the same provisions this plan uses to rescue private union-administered pension plans.  Can’t you?
$8 -10 billion cost.  What a load of crap to begin with.  And then add the more than probable addition of state pension funds.  But, of course, you can count of PAYGO being duly invoked and used on this one, can’t you?  Yeah, in the pig’s other eye.
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9 Responses to Speaking of pensions and unions

  • The theory of the childish left is that we can’t leave individuals with risk. Rather, risk must be born by the collective. That is the theory behind socialized medical care, social security, medicare, medicaid, Obamacare, and all the other feel good crap the left generates.

    If life did not include unintended consequences, or moral hazzard, or other such things, what a wonderful world we would live in.

  • Create Jobs and Save Benefits Act of 2010.

    Wow.  Why didn’t he throw in “and be nice to children, old people and cute stray puppies” while he was at it???

    Perhaps somebody will ask the good senator (just threw up in my mouth a little…) exactly how funneling billions of tax dollars to union pension plans is going to “create jobs”, because I can’t quite see how that works.

    Final thought: I’m really starting to feel sorry for famous criminals in history, because it’s obvious that their problem WASN’T their actions, but rather their PR.  democrats have become masters of Orwellian misuse of words and terms to sound like the most wonderful think since the miniskirt, but are really pretty horrid.  Imagine, if you will:

    OUT – St. Valentine’s Day Massacre
    IN – Community Peace Act of 1929

    OUT – Jim Crow
    IN – Regional Job Security and Cultural Preservation Act of 1890

    OUT – Killing Fields
    IN – Disadvantaged Agrarian Workers Empowerment Act of 1975

    OUT – Final Solution
    IN – Tolerance and Diversity Act of 1942

    O’ course, it is absolutely vital to have a compliant press that knows not only not to ask questions but also to shill the party line. 


  • Any possibility we could all organize and form a taxpayers’ union?  Maybe that way the rest of us stiffs could all get sweetheart deals like tax breaks on our health care premiums and have our pensions (which would be much better than mere Social Security benefits, btw) paid by the government.
    The downside would probably be voting Democrat, unfortunately.

  • Don’t worry. Obama’s tax guy just said we need to institute the VAT to pay off the deficit.