Congressional Dems propose taxpayer-funded private pension bailout
SPRINGFIELD/WASHINGTON (Illinois News Network) -- Congressional Democrats want a Federal bailout of private sector pensions. An expert thinks that states like Illinois, with hundreds of billions of dollars in public pension debt, would try to be next in line, making the effort unfeasible. U.S. Sen. Sherrod Brown of Ohio is introducing legislation that would allow underfunded private pension systems to borrow from the Federal treasury, with no interest, in order to shore up their members’ retirement fund. The legislation, which […]
