After spending millions of dollars to get Barack Obama and their liberal allies in Congress elected, Big Labor Unions are now poised to become the beneficiaries of a 165 billion dollar taxpayer-funded bailout.
You read that right.
Ignoring the widespread public anger over bailouts for the financial sector... bailouts for the auto industry... and their failed “stimulus” scheme, Congress is now considering a bailout for Big Labor.
Specifically, Senator Robert Casey (D-PA) recently introduced legislation euphemistically called the "Create Jobs and Save Benefits Act" (S. 3157), which puts U.S. taxpayers on the hook for guaranteeing poorly and improperly managed Labor Union pension plans.
And if Senetor Casey gets his way, we taxpayers will be stuck with a 165 billion dollar tab, or more. In fact, according to some reports, 165 billion dollars is just the initial cost. Eventual taxpayer liability is potentially unlimited as pension benefits must be paid for life.
As the editors of the Wall Street Journal recently put it: “They [Union chiefs] are now counting on Mr. Casey to preserve their power by making taxpayers pick up the tab for years of pension mismanagement. With the union priority of ‘card check’ stalled, word is that the Casey bailout is Big Labor's consolation prize. Taxpayers should let Congress know they don't want to pay.”
And that’s exactly what we must do. This legislation must never see the light of day. It's time for patriotic Americans to rise up and say to Congress, in no uncertain terms, enough is enough. No bailouts for Big Labor... No more bailouts, period.
If You Aren't Outraged, You Aren't Paying Attention