Next bailout may be $165Billion for Unions

Just last week Obama said there would be no more bailouts.

Evidently Senator Bob Casey, a Democrat from Pennsylvania, didn’t get the word.

Casey is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.

The bill would put the Pension Benefit Guarantee Corporation behind struggling pensions for union workers.

Right now taxpayers would be on the hook for $165 billion. However, the liability could essentially be unlimited because these pensions have to be paid out until the workers die.

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