Currently there are 58,000,000 people either on or scheduled to receive retirement benefits from Unions or Fed/State retirement funds. These funds do not have anywhere near enough money to pay these obligations and never will.
These retirement funds owe or are going to owe $166,000,000,000.00, that’s 166 Trillion. Even if the remainder ( not yet retired ) of the 58 million paid in an additional $10,000 a year until their retirement starts there would not be enough money in their fund to cover final years.
Dosn’t make sense to transfer, all those funds to the Social Security system now and at least they would have a chance at receiving something when they retire. They could even receive a 20% premium for being a Union participant.
Why is everyone afraid to admit the Union system is flawed and cannot be sustained, without bankrupting the Government and the Union companies.
This has to be the biggest scam against society that has ever been perpetrated! PROMISES??????????