More Union Specific Legislation

Create Jobs and Save Benefits Act (S.3157) sounds like a piece of good legislation.  What it really is though is another union bailout that will cost taxpayers at least $165 billion.  The unions own socialist Democrats.  The Democrats desperately want this legislation as another vote buying payment to the unions.  Every piece of legislation that has passed since socialist Barack Hussein Obama was sworn in has had union bailouts in it.

The Create Jobs and Save Benefits Act  was introduced on March 23rd by Sen. Bob Casey (D-PA) and is designed to bailout unions underfunded pension funds by transferring the liability of those funds onto the backs of the taxpayers. 

Under this bill, the Pension Benefit Guaranty Corporation (PBGC) would, at the request of the plans, have the authority to take over the pension obligations of employers who have withdrawn from the plans, and pay the benefits out of taxpayer dollars.

Once the PBGC shoulders that obligation, it would keep making payments until the last retiree or designated survivor dies.

Once the PBGC shoulders that obligation, it would keep making payments until the last retiree or designated survivor dies.

Since many multiemployer plans are in financial difficulty, this legislation, if enacted, could dramatically increase the federal deficit, putting even more pressure on the American taxpayer and the economy.

Depending on events, it might add billions to government spending — current underfunding levels are estimated at $165 billion-bumping up future deficits.

The legislation would transfer a portion of multiemployer pension funding obligations to a new insurance program that would be operated by the PBGC and paid for with taxpayer dollars instead of employer-paid premiums, F. Vincent Vernuccio, a spokesman for the trade group’s advocacy organization, the Competitive Enterprise Institute, said during the call.

At the heart of the union pension problem are companies that, in many cases, agreed to put retirement money for union workers into “multi-employer plans” but have since gone out of business. As the unionized workers in multi-employer plans are still entitled to a pension, the remaining employers are left funding the pensions of workers who, in many cases, they never employed.

Liberal talk-show host Ed Schultz proclaimed last weekend that America is in an ideological fight for the country.  The problem for many on the Right is that they are only beginning to understand that the Left’s vision for America is a long-range vision and it is a fight where the Left is playing for keeps.

Democrats need unions to be their foot soldiers on the march to a socialist America which is why the entire Left establishment has been pushing for the horrifically-misnamed Employee Free Choice Act (EFCA) for the better part of a decade.

In fact, at 2009’s Netroots Nation (the left-wing blog event for socialist progressive bloggers), one of the panel discussions held was  The Secret Plan to Defeat the Right Forever and how EFCA was key to the plan’s success.

Modernizing the nation’s labor law is critical to expanding union membership which in turn, will ensure conservatives become a permanent minority, as newly-empowered workers actively engage in political action and demand a new way of doing the nation’s business.  The freedom to form unions and bargain is critical to the socialist movement when workers have the tools they need to build a better life; they have the power to improve their communities and the solidarity to make progressive political change throughout the nation.

In other words, the Left has been relying on EFCA in order to have one-party rule in America permanently.  The problem is, EFCA has been temporarily stalled and now the train-wreck of union pensions is barreling down on the Democrats.  In order to save the socialist Democratic Party, they must save the unions (or more specifically, the unionized companies) from failing.

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