Michigan Democrats will always do what they want to when no one is looking. This usually means that they spend money recklessly in ways that cause long-term damage and don’t care about who is left to pay the price years after their departure.
Michigan Cap Con is one of the groups that are keeping an eye on what Democrats plan to do. The group is a watchdog in the Great Lakes State, and all Michigaians can be proud that they are doing their job. If this bill passes both the House and Senate of Michigan, it will be a “Screw you!” treatment for teachers.
On the agenda of the House meeting on June 20, a proposal to reallocate 630 million dollars meant for paying down teacher pension debts to other priorities will be discussed. Matt Koleszar (D-Plymouth) is the sponsor of House Bill 5803.
If the petition is successful, the bill will be moved to the House floor. This would allow a vote on reallocating the money originally allocated to pay off the $29.9 billion debt of the Michigan Public Schools Employees Retirement System to teachers and other employees. The bill still needs the Senate’s and Governor’s approval. Gretchen Whitmer must sign the bill.
According to the Reason Foundation, the change proposed by the bill will reduce pension fund contributions while increasing costs for taxpayers an additional $1.4 billion.
Both parties are guilty of spending other people’s cash, while claiming that, as elected officials who pay taxes, the money-grabbing is to benefit all the taxpayers they represent. Anyone over 30 years old should know that universal claims by politicians usually do more harm than good.
It is immoral and stupid to think that they would try to steal over $600,000,000 from the teachers’ pension fund which is already 30 billion dollars (yes, with an B) in debt. Democrats who claim to be the voice of blue-collar workers, and include teachers, teachers’ unions, and other professionals in this group, will raid that pension fund which is supposed to ensure their retirement.
Teachers are not the only ones who have a problem.
It is not the first instance that I have seen politicians supported by union money. Of course, they mocked their own workers, as I reported months ago.
As I wrote back then:
I was shocked when I read the article and saw the number of jobs that would be lost due to the switch to electric vehicles. The union leadership is even giving a dime to Democrats.
Joe Biden, at an event in 2022, praised General Motors CEO Mary Barra and said “we owe” her for urging the auto industry to move towards an all-electric future. Both the president’s words to Barra and their decision to work together to support a transition to all-electric vehicles could backfire on both parties during a historic United Auto Workers walkout.
The union, which has 150,000 members, singled out Barra for being an example of corporate greed among the “Big Three”, a group including Ford and Stellantis. UAW, who launched a strike last week at four auto factories, took aim at Barra for her $29 million salary, the highest in the industry. UAW President Shawn Fain declared war on the Big Three in a statement last month citing $200 million Barra earned over the past decade. The union is demanding a substantial increase in salaries and benefits, as well as assurances of job protection during the transition from EV production.
This dramatic shift in the industry will cost jobs and auto workers are voicing their concerns about the transition to electric cars. One estimate claims that the shift to EV production could cost 117,000 jobs in the auto industry.
These estimates aren’t from some right-wing think tanks that want to destroy the world. UAW members and media are silent, but the UAW’s people sound the alarm.
Jennifer Kelly, UAW’s director of research, said in an earlier statement that “the workers who make engines and transmissions will lose their jobs when we transition to electric cars.” Jim Farley, CEO of Ford, stated last year that he expected electric vehicles to require 40% less labor than traditional automobiles.
The party of workers would be wise to support the transition to electric cars, which would result in FAR FEWER jobs for UAW employees. They might also move money meant for teacher pensions.
Who needs enemies when you have friends like this?