"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
“Inevitable Taxpayer-Funded Bailout” As Angry Teamsters Watch Their Pensions Go Bankrupt
Submitted by Melinda L. Secor on Mon, 2016-05-16 01:00
"As baby boomers retire, large union groups are watching as their pensions go unstable, and they beg the government for help. Only, there isn’t and never will be enough to go around. Though the pension was mismanaged, even theft from the public purse won’t be enough to stop the pain that will come when millions realize that their retirement money isn’t there, and other other benefits may be just as uncertain."
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