Pension Benefit Guaranty Corp

[falcon]

The PBGCbacks up thepension plansof private corporations.Corporations pay intothe PBGC fund.If the company's pension plan goes belly up then the PBGC picks up the tab. One of the first and largest pension plans to goinsufficientwas the railroad retirement fund in about 1973.

Currently,the PBGC has a funny balance on the books.Taxpayers are going to have to pick up much of the tab asmore companies and pension plans go insolvent. The PBGC lost 3 billion dollars when the stock market tanked.

Note the failures just this year.


http://www.pbgc.gov/

[RainmakerIII]

This is just another ripple effect from the bad Republican policy, or I should say "Trickle" effect. I suspect more reasons to have to spend taxpayer money because of this mess is on the way.

[James B]

What a freaking joke.[:'(]

[vc1111]

This is just another ripple effect from the bad Republican policy, or I should say "Trickle" effect. I suspect more reasons to have to spend taxpayer money because of this mess is on the way

But I thought you said Bush and the republicans were the friends of the corporations and gave them and the "rich" tax breaks...despite that fact that at one point I provided you with info to the contrary in the form of chapter and verse directly from the then present federal income tax law.

I beginning to think you're a seventh grader posting this stuff from some junior high library computer.

[ipscshooter]

ORIGINAL: vc1111

But I thought you said Bush and the republicans were the friends of the corporations and gave them and the "rich" tax breaks...despite that fact that at one point I provided you with info to the contrary in the form of chapter and verse directly from the then present federal income tax law.

I beginning to think you're a seventh grader posting this stuff from some junior high library computer.

That would require being in a library. Libraries contain books, resources from which information, FACTS, can be derived....