Encouraging inequality and reckless risk-taking are the hallmarks of the union multiemployer pension bailout in the American Rescue Plan.

This is highlighted by the coming transfer of tens of billions of taxpayer dollars to what was once known as “the biggest and unfortunately, the baddest and most abused and misused pension plan in America,” as noted at a 1980 Ways and Means Oversight Subcommittee hearing by its then chairman: the Teamsters’ Central States plan.