Apparently, some Republicans
want to return
to the good old days of
communicable disease outbreaks.…
WASHINGTON – Retirees covered by financially troubled multiemployer pensions could soon see their benefits cut under a $1.1 trillion congressional spending deal to keep the government running.
Architects of the proposal said it was the best way to keep the pension plans viable and benefits flowing to retirees.
“We have a plan here that first and foremost works for the members of the unions, the workers in these companies and it works for the companies,” said Rep. George Miller, D-Calif., who worked the deal out with Rep. John Kline, R-Minn.
But it quickly drew fire from some labor unions and AARP, who denounced what they call backroom deal-making that will create hardships for older Americans.
It may be time to play a dirge for the American middle class.
While many American families enjoyed rising prosperity in the decades following World War II, those wealth gains have eroded, leaving the middle-class poorer than anytime since the 1940s, according to new research from economists Emmanuel Saez of University of California, Berkeley and Gabriel Zucman of the London School of Economics.
At the same time, the richest Americans have become richer, putting their share of wealth at the dizzying heights only seen during the era of “The Great Gatsby” and the Gilded Age of the robber barons, the researchers note. FULL ARTICLE