Which bailout first? Nurses, workers teacher or renters?

a bill before the House Ways and Means Committee, entitled “Rehabilitation for Multiemployer Pensions Act” (HR 397). The borrowers would be multiemployer (union) pension funds which are deeply underfunded, insolvent in the sense of having obligations much greater than their assets, and won’t have the money to pay the benefits they have promised.  A more forthright title for the bill would be the “Taxpayer Bailout of Multiemployer Pension Funds Act.” From Pension Tsunami

A $100 billion one time shot, likely not repaid.

Private sector pensions will be last in the list. We still have infrastructure and Something For All. I have abut $400 billion in new spending.  Likely to jam up in the Senate or House.