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Thanks to our friend JoAnne Moretti for this great article – reprinted with permission from

JoAnneMor’s Blog

This is one of those stories that makes it worthwhile for a blogger to get out of bed in the morning.

Andy Stern, Chief Thug President of the infamous Service Employees International Union, more commonly known as SEIU, left the union $85 million in the hole when he resigned.

With credentials like that, it’s only natural that President Obama has appointed Stern to a position on his Deficit Commission.

The Washington Times reports the remarkable details:

Mr. Stern has claimed victories in helping pass health care legislation and getting President Obama elected, but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions.

SEIU has seen its liabilities skyrocket during the past decade. The union’s liabilities totaled $7,625,832 in 2000. By 2009, they had increased almost by a factor of 16, to $120,893,259. Meanwhile, SEIU’s assets barely tripled, growing from $66,632,631 in 2000 to $187,664,763 in 2009. A significant portion of SEIU’s current assets are from IOUs from hard-up locals.

SEIU is $85 million in debt, down from its 2008 high of $102 million, and has been forced to lay off employees.

While SEIU’s pension plans were failing and its liabilities growing, Mr. Stern seemed more concerned with electoral politics than with the internal workings of the union. Indeed, politics can account for much of SEIU’s lavish spending in recent years. “We spent a fortune to elect Barack Obama – $60.7 million to be exact – and we’re proud of it,” he boasted to the Las Vegas Sun last year. In all, under Mr. Stern, SEIU spent more than $85 million to elect President Obama and give Democrats control of Congress.

Your tax dollars are in good hands. Stern may be completely unqualified to reduce the nation’s budget deficit, but he is an Obama crony. And to be completely honest, something Stern will never accomplish, being an Obama crony is the only qualification he needs.

Source: Washington Times

http://bit.ly/ditBJQ

DRScoundrels Conservative Blog

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One Response to “Andy Stern leaves SEIU $85 million in debt, joins Obama’s Deficit Commission”

  1. Rwolf says:
    May 11, 2010 at 1:48 am

    U.S. Taxpayers should not somehow get suck with SEIU’s $85 million debt;and considering the Union spent millions on Obama’s campaign. Perhaps SEIU needs a deep independent audit to closely examine how its $85 million in debt came about.

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  1. Tweets that mention Andy Stern leaves SEIU $85 million in debt, joins Obama’s Deficit Commission -- Topsy.com - [...] This post was mentioned on Twitter by Bren Worley and Love Of Freedom, Sherri H. Sherri H said: http://wp.me/pPzaZ-gl ...
  2. Andy Stern leaves SEIU $85 million in debt, joins Obama’s Deficit Commission « Truth2Freedom's Blog - [...] 11, 2010 in Truth2Freedom Headline Alerts http://drscoundrels.com/?p=1013 Categories Select Category ...
  3. drscoundrels - http://wp.me/pPzaZ-gl @joannemoretti Andy Stern flees SEIU-leaves it in debt to join debt commission!
  4. Margaret - RT @midlifechick: RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  5. Joy - RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  6. Jo Anne moretti - rt. @drscoundrels: http://wp.me/pPzaZ-gl Great Article - Andy Stern leaves SEIU in debt!
  7. Anne Freeman - RT @ginthegin @midlifechick @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  8. drscoundrels - http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  9. Dana - RT @Ladybug4Freedom http://wp.me/pPzaZ-gl @joannemoretti Andy Stern flees SEIU-leaves it in debt to join debt commission! #tcot #SEIU #p2
  10. Anthony G. Martin - RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  11. Anna Brouker - RT @Ladybug4Freedom: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt! Must have run out of other ppls ...
  12. Sherry - RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  13. tillerylakelady - RT @Ladybug4Freedom: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  14. tillerylakelady - Ladybug4Freedom http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt! #glenn beck #teaparty #libertarian #gop
  15. Willis - RT @tillerylakelady: Ladybug4Freedom http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt! #glenn beck #teaparty #libertarian #gop
  16. egmccm - RT @STXherry: RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  17. Alysa Farris - RT @STXherry: RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  18. Erico Joao - RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  19. Krista Luper - RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  20. TheElevatorGuy - RT @drscoundrels: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  21. Leta - RT @Ladybug4Freedom: http://wp.me/pPzaZ-gl @joannemoretti Great Article - Andy Stern leaves SEIU in debt!
  22. Moe Lane » Good News/Bad News about SEIU going broke. - [...] good news is, of course, that they’re going broke: as Classical Values, Big Government, & DRScoundrels helpfully note, in ...