NY Teamsters Pension Becomes First To Run Out Of Money As Expert Warns “Pension Tsunami” Is Coming | Zero Hedge
Posted by Martin C. Fox on March 2, 2017
Is this the Cloward-Piven Strategy in action? Collapsing the economy so everyone becomes dependant on government.
Cloward, Piven and president Barry all Colombia University alumni. Not much of a recommendation for the school unless you are a communist.
Of course, the Teamsters 707 and other Teamster pension boards attempted to submit plans that would have cut benefits in order to prolong payments to retirees but those plans were universally rejected by the Obama administration…better that the pensions just run out of cash completely