-By Warner Todd Huston
For decades unions have mishandled their pension funds. These funds have been embezzled into the pockets of union chiefs, they have been wasted on needless expenses, and have been spent away on left-wing political causes not to mention simple mismanagement and bad investing. It has gotten so bad that few union pension funds for the rank and file members are adequately funded and retirement money for millions of union member’s is now at risk — naturally the separate pension funds for union bosses are almost universally in the black.
So, what’s the solution? What will befall the retirement funds of these poor rank and file union schlubs? As far as Illinois Representatives Aaron Schock and Peter Roskam and seven other Republicans are concerned you and I should bailout out these union thugs that have filled their pockets with their member’s retirement funds by giving them our tax dollars in a bailout plan supported by the Obama administration.
Apparently union crooks and neer-do-wells are too big to fail and Reps. Schock and Roskam think that our taxes should go to reward the criminal behavior and neglect by union bosses.
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Shame: Nine GOP Reps Supporting Union Bailout”