SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: geode006/8/2005 5:57:26 PM
   of 173976
 
Iraq war: $356 B to date. Pension underfunding: $354 B to date.

Whoo hoo, these numbers are close. So, what is Dumbya advocating? Making SS even riskier than these underfunded pension plans! Yippeee. What sheer incompetence both in our administration and in the management of these corporations.

news.ft.com

"The level of underfunding of defined benefit pension plans of US corporations has jumped 27 per cent to a record $353.7bn, raising fears that the agency that insures these pension plans could face a widening of its own deficit.

The Pension Benefit Guaranty Corporation, said the data came from 2004 reports submitted by April 15, representing 1,108 pension plans. The plans had an average funded ratio of 69 per cent, it said...."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News