The final nail in the coffin may come in the form of stealing $165 billion additional dollars from taxpayers to fund union pensions that were mismanaged and misappropriated by the bosses who support Democrats in good times and bad.
A Democratic senator is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.
The bill, which would put the Pension Benefit Guarantee Corporation behind struggling pensions for union workers, is being introduced by Senator Bob Casey, (D-Pa.), who says it will save jobs and help people.
As FOX Business Network’s Gerri Willis reported Monday, these pensions are in bad shape; as of 2006, well before the market dropped and recession began, only 6% of these funds were doing well.
Although right now taxpayers could possibly be on the hook for $165 billion, the liability could essentially be unlimited because these pensions have to be paid out until the workers die.
The SEIU spent roughly $85 million electing Barack Obama and significantly more on other Democrat campaigns. Socialized medicine doesn't kick in fast enough to stoke the unions' underfunded pension plans, which is why Joe and Jane Taxpayer -- or, to be precise, their kids and grandkids -- will foot the bill.
The behavior of the modern Democrat Party is beyond the pale.
Oh, and when you're working in the rice fields side by side with your neighbors who voted for Obama, be sure to thank them for me.