But this audience didn't hear Biden talk about the details of his own pension plan. The National Taxpayers Union recently took a look at the retirement packages for Joe Biden and his fellow legislators and discovered they're doing great, despite the financial turmoil in the rest of the country.
The plan Biden can choose has what's called a "defined benefit" option backed by the US Treasury. That means he's sheltered from the ups and downs of the stock market; he gets a generous pension no matter how bad liberal legislation screws up the economy for the rest of us. And Joe also has the option of drawing his benefits earlier than private sector employees, and his contributions accrue faster.
The private-sector greed that Biden attacks cannot hold a candle to the greed liberals have for your money. The failures in the private sector are miniscule compared to the continual massive failures of big government. So Joe, if anybody's pension deserves to "go first", it needs to be yours -- old buddy, old pal! And your liberal buddies right along with you. You "go first"! That's "fairness", Joe! You show us how it's done to lose a pension!
Read the Background Material on the Morning Update...
• AP: Biden Lashes Out at Corporate Greed in Colo. Stop
• AP: Meltdown Retirement Blow is Softer for Lawmakers