More bail outs in process? Fox News reported this morning on 2 bills. One is already before congress, 100 billion to bail out state pensions. The other one is about to get submitted for 165 billion to bail out private pensions.
Libs, WTF? It's nice to have the Dems on the hook to you when you spend millions to get Dems elected. Please tell me why this crap should go on? Why should I be on the hook to pay for another state's pension fund? Should we also get voting rights in any state that gets their pension fund bailed out by the ("rich")American Taxpayer? Why should I be on the hook for a private company pension fund? Why can't the established PBGC be good enough. Why are Dems trying to go above and beyond what's needed and already set up?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Because their Mom, Apple Pie and Socialists. Who's lending the government the cash to do this? Thats what I would like to know. Where can somebody get credit like this. Its amazing. We just keep spending and spending, and China keeps warning us to reel it in. Its looks like total destruction to me, were slamming into the wall at 100mph.
Absolutely right about the spending. The Dems have kicked it into hyper drive. I guess they know they will be loosing in the fall time and are trying to get it all passed now.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Here is a list of big company pension plans that have been bailed out with taxpayer money: Yep, Lehman Bros. is right there, along with Circuit City and United Airlines:
Here is a list of big company pension plans that have been bailed out with taxpayer money: Yep, Lehman Bros. is right there, along with Circuit City and United Airlines:
Yes, but bennies are capped at around 56k/yr maximum and even that amount isn't guarantied. There are a lot of factors that go into that amount. What's being talked about now is a full guarantee above and beyond whats been established. Obama has set the bar higher now that he voided contracts, screwed the secured creditors and gave large chunks of GM and Chrysler to the unions on top of the estimated 40 billion + in loans that won't be repaid to the tax payer.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Don't know if you can blame it entirely on Libs, its more like gov't in general. We do recall the billions in ballouts under the bush administration? While I agree it's not the taxpayers place to bail them out, I don't agree its one particular parties fault.
Don't know if you can blame it entirely on Libs, its more like gov't in general. We do recall the billions in ballouts under the bush administration? While I agree it's not the taxpayers place to bail them out, I don't agree its one particular parties fault.
Bush got bashed on that one as well. Furthermore most of thaty money was already paid back. The problem is that it's become a slush fund. What's wrong now is that Obama already spent close to 1.5 trillion in bailout money since he's come into office and there is no end in sight.
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
More Bail Outs?
