Pension Rehabilitation Administration

Discussion in 'YRC Freight' started by Kennesaw Kid, Sep 18, 2017.

  1. Kennesaw Kid

    Kennesaw Kid Super Moderator Staff Member

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  2. Bubba Gump

    Bubba Gump Active Member

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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!
     
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  3. LEHIGH vALLEY

    LEHIGH vALLEY Well-Known Member

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    And it also dos'nt fix the problem, It only "Kicks the Can" down the road for 30 years and makes it someone else's problem
     
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  4. ABFer

    ABFer Super Moderator Staff Member

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    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.
     
  5. roadboss

    roadboss Well-Known Member

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    Will all be dead in 30 years so what's the problem.You can't fix broke.
     
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  6. toilet paper

    toilet paper Well-Known Member

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    You're grand kids being forced to pay higher taxes so you can have a better retirement. Now that's love.
     
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  7. yrc-atm

    yrc-atm commodities relocator

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    I wont be. So give me my share and I will invest it properly.
     
  8. roadboss

    roadboss Well-Known Member

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    That's what wills are for ,They won't suffer.
     
  9. LEHIGH vALLEY

    LEHIGH vALLEY Well-Known Member

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    Why give the problem to our Grand children? That's not right either.
     
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  10. mysticobra

    mysticobra Just here.

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    Trump will have your (our) grandkids fighting his war.
    Maybe even your kids.
    No need to worry about taxes.
    I'd worry about that if I had young children.
     
  11. LEHIGH vALLEY

    LEHIGH vALLEY Well-Known Member

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    This problem has been going on well before Trump got in to office. It's a problem that has been growing ever since deregulation.
     
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  12. ABFer

    ABFer Super Moderator Staff Member

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    What is this war to which you refer?
     
  13. flat top

    flat top Active Member

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    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.
     
  14. mysticobra

    mysticobra Just here.

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    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: Sep 21, 2017
  15. jimmy g

    jimmy g Kook

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    IBT Plan for a law making a Federal Loan Progam.


    Wonder how they expect to get it thru Congress?
     
  16. jimmy g

    jimmy g Kook

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    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
     
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  17. Elwood

    Elwood Question Authority

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    It never ends.
    The wrong antidote.
     
  18. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    Invest in OceanRig (ORIG) NASDAQ, I just got a reverse split 1 for 9200, "no typo, 1 for 9200"
    I'll be broke before CSPF
     
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