An $86 Billion Moral Hazard

"It's [The American Rescue Plan] a very expensive way to not solve a problem," says Gordon Gray. While the troubled multiemployer pension funds now have enough cash to pay full benefits through 2051, he says, "congressional Democrats have decided to forgo a lasting solution to the challenge and simply write these plans a check to cover their costs for the next 30 years." 

Reason: An $86 Billion Moral Hazard