The Real Reason Behind the Card Check Push

Conn Carroll / June 10, 2009

The Wall Street Journal reports today:

As recently as 2000, the [AFL-CIO’s] 8.5 million members had a $45 million surplus. By June of last year it had $90.6 million in liabilities, or $2.3 million more than its $88.3 million in assets. … As for the SEIU, as recently as 2002 total SEIU liabilities were about $8 million. According to its 2008 disclosure form, the union owed more than $156 million, a 30% increase over the $120 million it owed in 2007. Its liabilities now equal more than 80% of its $189 million in assets.

The Washington Examiner reported yesterday: (more…)