Unions are back at the government trough. But now we’re talking REAL money (not just hundreds of millions of dollars at stake in the auto bailout or healthcare bill). Now unions are asking taxpayers to bailout union pension funds. The article by Vinnie Vernuccio and Jeremy Lott outlines the massive scope of this unprecedented union bailout. They probably explained it best when they wrote: “Flanked by representatives from the International Brotherhood of Teamsters, YRC Transportation and ABF Freight Systems, Sen. Bob Casey, Pennsylvania Democrat, proposed a massive bailout for the Teamsters’ and other union pension funds on March 22. The deceptively named Create Jobs and Save Benefits Act of 2010 (the Save Adorable Fluffy Bunnies Act was taken, apparently) should really be called the Bail Out Irresponsible Unions Act. That is exactly what the bill would do.” And the massive numbers today will only get worse as more and more union members retire. You should keep a close eye on this bill. It could easily sneak by while employers are distracted by the avalanche of regulatory changes coming down the pike.
