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View Full Version : $10 billion bailout for Big Labor buried in Healthcare Bill



megimoo
08-30-2009, 07:19 PM
Footing Labor's Bill [$10 billion bailout for Big Labor buried in Healthcare Bill]

"Now We Know Why The Union Goons are Fighting us at The Town Halls !"

Washington, D.C., has too many people who wrongly think the supply of federal dollars -- taxpayer dollars -- is infinite. Unfortunately, so do Detroit and, yes, Pittsburgh.
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Buried in Capitol Hill's thousands of pages of health care reform proposals are provisions that would give $10 billion to union-backed retiree health plans. Many of those plans, such as the United Auto Workers', are woefully underfunded.
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So it's no surprise that unions that helped elect President Obama -- including the UAW and the United Steelworkers -- support this multibillion-dollar giveaway of public money. And the prospect of health care reform cutting costs for their retiree health plans surely is a key factor in such unions' support of Washington's overall reform effort.
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One expert says the $10 billion could be exhausted in less than two years. Already, labor advocates are saying the $10 billion won't be enough. So it's all too likely that when that funding runs out, Congress will give billions more to Democrats' union allies.
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http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_640544.html