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​​Teamsters Bailout = Cynical Politics

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​​Teamsters Bailout = Cynical Politics
U.S. one dollar banknotes are seen in front of displayed stock graph, on Feb. 8, 2021. Dado Ruvic/Reuters
Mark Hendrickson
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Commentary
Earlier this month, President Joe Biden announced that he would bail out the Central States Pension Fund to the tune of $36 billion. The fund serves members of the Teamsters Union, and $36 billion would make it the largest federal bailout to date of a pension plan.
Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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