We predicted this would surely happen:
Yesterday President Biden announced a $35.8 billion bailout of the Teamsters’ Central States Pension Fund (which Jimmy Hoffa gave to the mob to build casinos in Vegas in the 1950s and 1960s). That’s just over $100,000 for each person covered by the pension plan.
Where did he get the money for that? The $1.9 trillion “COVID relief” stimulus passed on party lines early in 2021.
We wonder how many Americans watching their own 401Ks nosedive under Biden appreciate paying for Teamster pensions.