Bob Casey's (Union) Bailout

The Free Enterprise Alliance’s Halt The Assault campaign has been raising red flags about Sen. Bob Casey’s dangerous bill granting the full faith and credit of the United States Treasury to bail out multi-employer pensions (a favorite of unions). Thankfully, the issue is getting more and more attention — most recently from today’s Wall Street Journal.

The paper accurately decries the “Union Pension Bailout” as “a scheme for taxpayers to cover mismanaged multi-employer plans.” Here’s a quick video explanation of the problem:

[youtube crLMFVfe_MY]

Just for a little more shock and a lot of awe-no-they-didn’t, watch this video from a recent Senate hearing on Sen. Casey’s bill.

Specifically, check out time stamp 107:00-109:00 or so to hear the Teamsters plan spokesman essentially say that the union pension plan needs public help because it’s in such bad shape employers don’t want to sign up.