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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (35493)	5/11/2009 2:15:46 PM
From: DuckTapeSunroof	Respond to of 71588

"I don't want to see the taxpayers pick up the pension tab," Neither do I. (That's why I am so against the federal regulators 'falling asleep at the switch' and allowing companies to get away with under-funding their pensions over so many years... essentially cheating on the assumptions that they use. Because that makes it more likely that the taxpayers will get stuck with the bill.) "... but I'm very cynical. When the major airlines filed for Ch. 11 restructuring, the airlines showed they couldn't become a viable entitity without unloading the burden of the pensions." Yep. The airlines (historically always a marginal business, and weakly capitalized / only weakly or intermittently profitable...) had been allowed to CHEAT on funding their pensions for far too long....