For most workers and retirees, President Biden’s plan protected them from dire cuts and insolvency that was soon to come:

“Without the historic support to protect workers’ pension benefits included in President Biden’s American Rescue Plan, these workers and retirees—who have already earned these benefits—would have faced estimated benefit reductions of roughly 45% by the end of the decade.

        Over half of those million workers and retirees are in pension plans that had already cut benefits or were projected to 
           become insolvent by the end of 2025.

This announcement brings the total number of pensions protected by the American Rescue Plan to over 1 million, including over 52,000 Pennsylvanians, 71,000 Illinoisans, 71,000 New Yorkers, 62,000 Ohioans, 61,000 Michiganders, 39,000 Missourians, 33,000 Wisconsinites and many more.

      Restored Harsh Pension Benefit Cuts That Had Already Been Made for Tens of Thousands of Retirees in 36 Multiemployer Plans. 

Thanks to the ARP, once-struggling multiemployer pension plans will be able pay the full benefits earned by workers and retirees who participate in these plans through at least 2051.”

https://www.whitehouse.gov/briefing-room/statements-releases/2024/06/21/fact-sheet-biden-harris-administration-announces-over-one-million-pensions-protected-thanks-to-the-american-rescue-plan/

But..but…it’s the saaaameee….democrats are sooo…….and and….boomers who have been paying for decades shouldn’t get their pensions…..and…and…boomers don’t want to sell their houses they’ve been paying for decades: property taxes, maintenance, insurance….those properties belong to the paper profits far right extremists libertarians bros Free of consequences market….