Proposed Public Bailout of Unions May Have No Ceiling
Welfare State item by Offsite - Jun 6, 2010

Legislation introduced by Sen. Bob Casey, D-Pa., for a proposed bailout of troubled union pension funds could put taxpayers on the hook for $165 billion - and perhaps an unlimited amount of money.

As of 2006, well before the market dropped and the recession began, only 6 percent of these private sector pension plans (run together by companies and unions) were doing well. Full Piece

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