Biden wants to force us pay for other people's retirements (millionaire, dollar)

[beach43ofus]

https://www.foxbusiness.com/politics...eans-will-work

This article focuses on Biden's proposal to use $1.9T in taxpayer $'s to prop up unsustainable pension plans in the private sector.

When the details emerge, I predict it will mostly bail out gov't pension plans...like Chicago, Illinois, Connecticut, New Jersey, for example.

Gov't pensions have been over-promised for decades, & are a massive Ponzi scheme.

Pensions in the private sector have become nearly extinct, so there's not many left to bail out, which is why I say the $'s will go to gov't pensions.

Either way, Biden want to force YOU to pay for other people's retirements...the people he chooses.

Nevermind the fact that ~60% of Americans are living paycheck to paycheck & have 0$ saved for retirement.

If I'm right, & most of the ~$2T goes to gov't pensions, imagine what it will do to this 2018 chart:

https://en.wikipedia.org/wiki/Govern...ending_GDP.png

Pray that Manchin & Sinema will stand firm against this too.

[TMSRetired]

It's not "American" rescue plan; it's "State Government bailout".

[PullMyFinger]

Gotta cover for the incompetence and criminality of the Democratic run cities.

[Kristinas_Cap]

the path to being a millionaire and having a sizable pension payment is to become a New Jersey cop or teacher.

[moneill]

We already do.

And no President has ever changed it.

So Biden BAAAD.

[Uconn97]

Originally Posted by Kristinas_Cap

the path to being a millionaire and having a sizable pension payment is to become a New Jersey cop or teacher.

Yes - I know so many millionaire teachers that have retired out there

[TMSRetired]

Originally Posted by moneill

We already do.

And no President has ever changed it.

So Biden BAAAD.

Since when does the Fed cover state pension shortages ????

[TimTheEnchanter]

Originally Posted by TMSRetired

It's not "American" rescue plan; it's "State Government bailout".

Gotta correct you too. It's not "State Government" rescue plan; it's "Blue State Government bailout"

[Livinginwaterland]

Originally Posted by moneill

We already do.

And no President has ever changed it.

So Biden BAAAD.

How about he worries about shoring up social security instead. Oh, that’s okay, we can just print more money to cover that too. This is the democrat fiscal policy in the 21st century.

[moneill]

Originally Posted by TMSRetired

Since when does the Fed cover state pension shortages ????

Lawmakers will use taxpayer money to fill a roughly $10 billion hole in the miners’ doomed fund

https://www.bloomberg.com/news/featu...lout#xj4y7vzkg
2019