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To: Steve Misic who wrote (26177)9/18/2005 11:35:42 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48465
 
The odds of an eventual taxpayer bailout of the federal Pension Benefit Guaranty Corp. grew last week with the bankruptcies of Delta Air Lines and Northwest Airlines.

The Northwest and Delta plans could add as much as $11.2 billion, or almost 50 percent, to the agency's $23 billion deficit at the end of September 2004.

History>http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/09/18/BUGKVEP8CH1.DTL



To: Steve Misic who wrote (26177)9/18/2005 1:49:35 PM
From: tsigprofit  Read Replies (1) | Respond to of 48465
 
There will be a real debate on whether the majority of American not covered by pensions will want their tax dollars to pay for these underfunded pensions IMO.

Much bigger debate than the Katrina issue now - because we are talking much more money.

Most Americans now don't get pensions, I think it is down to around 20% now - so I doubt the other 80% will want to pay for those that fail.


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