Privatization and Flying United
It is strange that the Democrats have not made any noise about United Airlines defaulting on $10 Billion in unfunded pension liabilities, resulting in as much as 50% reduction in benefits to their retirees. Is this what Social Security retirees could look forward to under private/personal/personal property accounts? As uncool, stodgy, regressive, as Social Security is, it may be more likely to be there than the retirement programs of United, MCI Worldcom, Enron, General Motors, Ford, et. al. and, of course, Walmart doesn't have a retirement plan for two-thirds of its associates. Social Security might be all right of the Glorious Leader would stop financing his war on the unfortunate occupants of oily Mesopotamia from the Trust Fund.
posted by Ed | 5:31 AM
1 Comments:
It's even more astonishing why no one has commented on YOUR comments! It has almost instantaneously become a non-issue. I am new to this blogging business, so I may have missed something. As anyone reported who this judge was, who appointed him, and when? I wonder if the same judge would consider reviewing the GUARANTEED $4.5 million pension fund for the CEO, and is it true as reported on the network news that he has only been at the job for two years? The mind absolutely boggles, and yet it seems to be a 24 hour news story. Amazing times we live in. Why on earth can't the Democrats do something? Are they brain-dead? The Republicans love to use their ace-in-the-hole (class warfare) or (income redistribution) tag lines to silence us progressives, but what we really have here is open class warfare on the middle-class. Comments?
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