12/07/2021
https://congress.gov...
"Ultimately, you may default to your bondholders. Beyond that, it is really, really a tough decision."
"If we are going to bail out underfunded or, you know, pensions for truckers and miners, are we not going to bail out Illinois' policemen and teachers?"
"Earlier this year, Dr. Biggs, congressional Democrats enacted an $86 billion taxpayer bailout of failing multiemployer pension plans under the guise of COVID-19 relief."
"If these were single-employer plans, they would be taken over by the PBGC."