by raiding the US Treasury.
EXCERPT: “Sen. Sherrod Brown, D-Ohio, plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent.
The bill, co-sponsored by Rep. Tim Ryan, D-Ohio, could be introduced later this week or shortly after. It would create a new office within the Treasury Department called the Pension Rehabilitation Administration. The funds would come from the sale of Treasury-issued bonds to financial institutions. The pension funds could borrow for 30 years at low interest rates. One restriction for borrowers is they could not make risky investments.
The bill would also fund a program at the Pension Benefit Guaranty Corp. to finance any remaining needs of pension plans borrowing from the new program. “Any money needed for the PBGC would be a tiny fraction of what it would otherwise be on the hook for if Congress fails to act,” said an analysis by Mr. Brown’s office.
Mr. Brown told a group of retired Teamsters in Ohio on Monday that the bill will be out shortly.”
In a perfect world Democrats would either be behind bars in prison or in a zoo, akin to the monkey cage. Something for normal people to laugh at
So the Democrats have made promise after promise to the money laundering pals in the Unions, ESPECIALLY the Teamsters! On top of that they create yet ANOTHER U.S. Gruberment office to staff with drones who’ll suck down a paycheck and vote Democrat to keep that gravytrain a rolling! Then they’ll loot other people’s money, taken from taxpaying Americans by the threat of force, and doled out to Unions who have literally raped American industry for decades and have literally destroyed virtually every industry that their crooked hands had a grasp on!
There can be no doubt that these sorts of problems give Democrats a major hard-on. Why they can lie, cheat, and steal elections for decades, m,aking stupid promises to their money-laundering pals in the Unions, and then when the shit is ready to hit the fan, why, simply pass a bill in Congress and loot the Treasury, just like LBJ and the Democrats did in 1968 to the Social security Trust Fund!
Sherrod Brown is one the stupidest asshats in the U.S. Congress and that is saying something when the competition is morons like Pelosi, Waters, Hank “Guam” Johnson, the Black Caucus, and a host of other mind-scrambled dingbats.
You can bet your ass that Democrats and their RINO enablers are eyeballing everyone’s 401Ks, IRAs, etc, because that is the last amount of cash that is untapped. It is only a matter of time until the idiots in Congress screw us over once again. Hopefully this time they don’t make it out alive.
Every bit as stupid as he looks.