Tom Buffenbarger, former International President of the International Association of Machinists and Aerospace Workers, joined the America's Work Force Union Podcast to discuss the fighter jet contract awarded to Boeing, challenges facing pension security and controversy surrounding the future of Social Security.
Buffenbarger highlighted the competitive landscape between major defense contractors like Lockheed Martin and Boeing. The new F-47 fighter jet represents a major advancement in military technology. However, the naming decision sparked humor and debate, with Buffenbarger noting the potential for political and public scrutiny as the project progresses.
Pension security remains a pressing concern, as Buffenbarger emphasized the importance of the Pension Benefit Guaranty Corporation (PBGC) in safeguarding workers' retirement plans. He discussed potential threats to the PBGC and the Federal Deposit Insurance Corporation (FDIC), which could undermine financial stability for millions. Buffenbarger stressed the need for vigilance and action to protect these essential programs from being dismantled by political and corporate interests.
The discussion also touched on recent comments by Elon Musk, who called Social Security a “Ponzi scheme.” Buffenbarger criticized this perspective, defending Social Security as a vital program that has supported countless Americans. He urged listeners to recognize the program's value and to resist efforts to undermine it. Buffenbarger called for collective action to ensure the continued protection of Social Security and other critical safety nets.
Listen to the full episode above to hear more from Buffenbarger.