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May 25, 2010
Unions: Hey, Because We Haven't Extracted Enough From You Already, Why Don't You Give Us Another $164 Billion?
A company which guarantees union pensions is in trouble.
And it will cost a mere $165 billion to bail them out.
Is that all?
Actually, it's not -- the liability is potentially unlimited. $165 billion is a starting point. It won't be the ending point.
Bob Casey (D-PA) is introducing a bill to do just that.
Doubleplusundead has a very profane response to this suggestion.
Via eddiebear.