Press "Enter" to skip to content

The massive American bailout continues indefinitely.

Frida Ghitis: President Biden seems intent on redefining bailouts down. She says his student loan plan contains no requirement that universities address root causes of high tuition. Teamsters’ pension plan gets $36 billion bailout; good news for them, but not for the rest of us, she says. $1.9 trillion pandemic relief legislation, enacted in 2021, offered to shore up underfunded multiemployer pensions. Aid conditioned on essentially no structural reforms; it need not have come to this. Multiemployer plans cover about 10 million unionized workers employed across various industries.