If I might ask a question ....... what do you consider the role of government in America?
The federal government made laws to limit and curtail where CSPF could invest it's money during the Jimmy Hoffa presidency. Those laws caused a cascading detrimental effect to CSPF financial returns. What should have been done, if anything, to rectify the damage?
The federal government was rewarded by limiting money to individuals and organizations the government didn't approve of (Feds got what they wanted). Why should we be punished for governmental interference? Again, what is the role of government in American?
The role of the government is not to bail your asses out. Since the CSPF is going to get tens of millions or billions, of free tax payer money, what happens when that money is gone, as it will be? Another butt load of tax payer money will be transferred and when that money is gone, another loan, to make sure that CSPF teamsters have government pension protection to the grave. Tell me I'm wrong.If I might ask a question ....... what do you consider the role of government in America?
The federal government made laws to limit and curtail where CSPF could invest it's money during the Jimmy Hoffa presidency. Those laws caused a cascading detrimental effect to CSPF financial returns. What should have been done, if anything, to rectify the damage?
The federal government was rewarded by limiting money to individuals and organizations the government didn't approve of (Feds got what they wanted). Why should we be punished for governmental interference? Again, what is the role of government in American?
The only alternative is to close CSPF and pay off the current retirees and the ones still in the pipeline. Let these companies change to a 401-k. Let the teamsters put some money in the pot.