Posts tagged Congressional Research Service
Biden Shoveled $36 Billion In Taxpayer Funds To Bail Out Teamsters For Mismanaged Pensions
March 5, 2023 // Lost in all of this has been one spectacular giveaway: $100,000 per beneficiary of the Central States Pension Fund (CSPF). The fund provides pension benefits to nearly 360,000 private-sector workers and retirees, mostly Teamsters Union members. U.S. Rep. Kevin Brady, R-Texas, called the deal out in December, noting it was “the largest private pension bailout in American history” that benefited only “a tiny minority of workers.” He suggested it resulted from the insanity of “allowing those who mismanaged pensions to determine whether their funds qualify for taxpayer assistance with no safeguards.” The $36 billion comes almost two years after the passage of the $1.9 trillion American Rescue Plan. That “rescue” was the Biden administration’s Covid spending bonanza. Biden signed it into law in the spring of 2021, when the economy was already well into recovery. The housing market was booming. The stock market was on a steady upward climb. It was obvious that the “rescue” would cause inflation. It was obvious Democrats were taking advantage of an opportunity to give away public largesse. And did they ever. Lest we doubt the ongoing influence of the Teamsters in American politics, the recent $36 billion giveaway says it all. It says to the union bosses, who make up half of the CSPF board: “You can watch the pension fund’s health decline for decades. You can make unrealistic promises to employees. You can keep the plan below 75 percent funded. You can depend on a pyramid concept where imaginary new members keep coming in to pay for retired members. None of that matters now. The politicians you own will bail you out with the public’s money. In fact, you can take such largesse that union workers in other multi-employer plans get left with only crumbs. Write yourself a check. And, as a bonus, we won’t ask you to change anything.”
Supreme Court Misses an Opportunity to Protect Workers from Public-Sector Unions
January 26, 2023 // The Supreme Court decided today that it will not grant certiorari in the case Wright v. SEIU Local 503, one of several union-forgery cases currently working their way through the court system. By not hearing the case, the Court is allowing confusion about public-sector workers’ constitutional rights to persist. The Freedom Foundation, a conservative union-watchdog group, has found about a dozen cases where unions allegedly forged someone’s signature in order to keep taking money from their paycheck. Though it may seem like a simple question, lower-court rulings have failed to address the issue head-on.
GOP revives rule allowing lawmakers to target federal agencies, staffers
January 12, 2023 // The rules package House Republicans approved late Monday includes a provision allowing lawmakers to reduce or eliminate federal agency programs and to slash the salaries of individual federal employees. Called the Holman Rule, the measure was proposed in 1876 but was sparingly used until it was reinstated by Republicans in 2017 and then dropped by Democrats two years later. In theory, it could apply to any federal worker or agency — but for now the move is seen as mostly symbolic, as the Democratic Senate could block Republicans from using the provision.