Here is your newest bailout - Union Pensions

[ark steel]

https://www.congress.gov/bill/116th-congress/house-bill/397?q={"search":["hr397"]}&s=1&r=1

Establishes yet another government agency.

Authorizes this agency to make loans to poorly funded multiemployer plans (I don't recall seeing any multiemployer plans that were not union employee plans). Unless I read it wrong, it seems as if the loan is interest only payments for 29 years, then pay the principal in year 20.

Moves money to the PBGC to make grants to poorly funded multiemployer plans.

 

[Smash]

Right cuz 22 trillion in debt just isn't enough.

 

[Sarge]

There's not enough tax money in the world to fund all the **** Democrats are promising.

 

[Sarge]

Five Republicans co-sponsoring that **** by just a quick count. That's a bunch of ****.

 

[DBS1970]

This is essentially FDIC for organized crime.