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If I invest in something with the hope and expectation it will grow and provide for me in retirement, and it goes bust, I lose. I'm not entitled to government bailing me out. Sorry to me.
These people took a gamble on their union being willing and able to effectively run a pension fund. It's going bust. So they lose. They're not entitled to government bailing out the union they supported. Sorry to them.
Also worth noting, as McConnell has aptly pointed out, this would solely be a handout to the union miners. It doesn't help non-union mine workers.
Kill the bill.
Last edited by Neomalthusian; 20th April 2017 at 09:33 AM.
The risk isn't socialized if Congress kills this bill.Another example of privatizing profits, while socializing risk.