Yellow | Pension Rehabilitation Administration

Kennesaw Kid

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Well K. K. the treasury department is projected to borrow 60 billion this year to bail out the social security trust fund which has 2.8 trillion dollars in I.O.U's in its' account. The federal reserve is starting to dump 4.2 trillion dollars in t. bills and QE 3 printed money onto the market, that is on its balance sheet. I find it difficult to believe politicians would vote for something like this which benefits such a small portion of the working public. Expect MPRA II by the end of the year, with deeper cuts than before. I would also expect to see provisions which allow more partitioning of the pension funds without having to pay such drastic withdraw liabilities. This is the price for the survival of organized labor and the contributing employers. I know its hard to believe, when the message comes from a man who sweats for a living!
 
It's a joke, it won't fly out of its own parking space. All I can do is shake my head at Hoffa for even introducing it.
 
Talked to someone who was at the meeting in Illinois yesterday(9/20), when Nyhan was asked if Central States ran the numbers on the IBT plan , he said, " I can't , it's not done yet", so if this is the same thing that was being introduced by John Murphy at the meeting, it's really not even viable yet.
 
What is this war to which you refer?
The one he will have our kids in if he doesn't shut up and quit talking like a high schooler.
Ego. Lyndon Johnson had alot of that too and it killed close to 59000 men. Just for his ego.
Trump has ego problems.
My thoughts and mine only.
 
Last edited:
https://www.google.com/amp/s/www.bna.com/teamsters-propose-fix-n73014451625/?amp=true

. Money for the loans would come from bond purchases by investors. Payments on the bonds would be guaranteed by the full faith and credit of the U.S. Treasury.

The Teamsters proposal calls for taxpayer support for multiemployer plans and “that’s something a Republican Congress and administration won’t even consider,” Joshua Gotbaum, guest scholar at the Brookings Institution in Washington, told Bloomberg BNA May 26. He previously was the director of the Pension Benefit Guaranty Corporation.

The proposal is “complicated and the draft lacks full details, but it looks like a government bailout that isn’t being acknowledged as a bailout,” Jeremy Gold, a retired pension actuary and economist in New York, told Bloomberg BNA May 26.

This proposal is dealing with an unsolvable problem, since there aren’t sufficient resources to satisfy the promises made to plan members who worked many years to earn their pensions, Gold said
 
https://www.google.com/amp/s/www.bna.com/teamsters-propose-fix-n73014451625/?amp=true

. Money for the loans would come from bond purchases by investors. Payments on the bonds would be guaranteed by the full faith and credit of the U.S. Treasury.

The Teamsters proposal calls for taxpayer support for multiemployer plans and “that’s something a Republican Congress and administration won’t even consider,” Joshua Gotbaum, guest scholar at the Brookings Institution in Washington, told Bloomberg BNA May 26. He previously was the director of the Pension Benefit Guaranty Corporation.

The proposal is “complicated and the draft lacks full details, but it looks like a government bailout that isn’t being acknowledged as a bailout,” Jeremy Gold, a retired pension actuary and economist in New York, told Bloomberg BNA May 26.

This proposal is dealing with an unsolvable problem, since there aren’t sufficient resources to satisfy the promises made to plan members who worked many years to earn their pensions, Gold said

It never ends.
The wrong antidote.
 
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