France provides a glimpse of what could be in our near future, if Big Labor continues to receive the largess of its friend in the White House. The plight of union-led multi-employer pensions plans has been highlighted several times in the last few months, along with AFL-CIO head Richard Trumka’s plea to nationalize all private pension programs. With the rise in membership of public (government) unions, and migration of more of the population into shaky union-managed pensions plans, it is not difficult to foresee similar rioting in the streets of the U.S.A.
