Looming Crisis: Unfunded Pensions Next in Line for a Bailout?

Americans expect to eat and stay thin, to be constantly on the move and ever more neighborly, to revere God and be God. -------- Daniel J.Boorstin

Right! Let's burn up the pension funds too. Be sure to give the execs their bonuses before that money is gone too. Oh sure another option would be to leave the (earned) pension benefits alone for their rightful owners but I'm sure the robber baron CEOs and CFOs choke on that idea.

Finally, you guys are getting to the crucial point. How can any private sector support such communist subsidy. Every single public employee and politician who has a government pension is a commy. _____Is it not apparent that the private sector pensions cannot be supported by the pyrimad pension scheme? So cleary government would only be worse!

Gold plated retirements for the Auto Workers and governemnt employees, state and federal, far outclass private retirement plans. The bail out frenzy will continue to escalate to the multi Trillions. George Soros, whom I believe is right on the ,money, when he said thius recession is escalating and a bonafide depresssion is not off the table. Bailing out the little (big) three, will solve nothing until they rid themselves of these legacy costs. Auto unions on retirement for example have a no pay policy for medical. Everyone I know has some co-pay. Politically, the democrats are joined at the hip with the unions. Bail out for GN, Ford and Chrtsler is a given. They will be back again and again for money money. They have a flawed business plan. They have to dolwnsize by at least a third. Go into bankrupcy, cut the autoworkers pebsions, restructure and get back to reallty.

No More Bailouts. People with pensions need to loose them if they worked for a company that goes into bankruptcy. The glutton of the Pensions and the Unions are a tremendous weight on the competition for US companies. No Bailout for the any of the pension companies. Let the auto makers run to bankruptcy for pension protection. Cut the pension benefit by 99%. Disolve the pension guarantee guarantee corp. Lets get back to free market. Pensions and Unions are ripoff artists on Stock Value just the same as those greedy golden parachute CEO/CFO.

So much for all the years of promised retirement income.... Boomers plans are intended for major adjustments. Looking forward to supplementing my income at 70 by pushing a shopping cart or flipping burgers. hmmmm let's see - $$ health care, no SS, no pension, no new US business due to outsourcing. France is looking better and better!

Do you know that there are in fact 0-$ cash foreign reserves in Turkey's treasury. But neither S&P nor Moody's decrease the ratings of Turkey. Why? In a situatiın where even foreign reserve rich countries like China and Russia were downgraded recently, why those rating institutions doesn't downgrade Turkey. Political issues???

Do you know that there are in fact 0-$ cash foreign reserves in Turkey's treasury. But neither S&P nor Moody's decrease the ratings of Turkey. Why? In a situatiın where even foreign reserve rich countries like China and Russia were downgraded recently, why those rating institutions doesn't downgrade Turkey. Political issues???

print more money throw it on the fire

I think a good ole fashion Depression is what this country needs to put the fear of God back into people. Then the nation will have a conscience again and we might be able to save our democracy. Or......it could tear us apart and plunge the world into war. People like to fight when their economies aren't doing well.

IF WE THINK ABOUT FUTURE AND PENSION FUND....IT WILL ADD ONLY WORRIES.....WHY WE WORRY ABOUT......THIS EXPERT TELLING US OUR PENSION AND THEY WANT US TO ADD SOME MORE MONEY IN IT NOT FOR OUR BENEFIT BUT FOR PENSION FUND MANAGER GAIN.....SELFISH.......IS IT.....

"Happy will be the one who always feels content!" Eternal truths will be neither true nor eternal unless they have fresh meaning for every new social situation...

HEY.......as of early 11/13/08 the DJIA has fallen as much as 1600 points+ to below 8,000 since the Black Tuesday close of 9,625, when a get-out-the-vote rally set an election day record (as people overwhelmed the Poles to cast their votes) closing "in the black" 305+ points.........BUT SINCE "BLACK TUESDAY", THE BOTTOM HAS TOTALLY DROPPED OUT OF THE MARKET...........Watssuuuup wit dat dawg?

more bad news for both employees looking forward to retiring and taxpayers who likely will be picking up the tab.

So what exactly are you forward thinkers planing to do with us baby-boomers ? Soylent Green ? No pension, 401k tanked or stolen, no health care. Watch out kiddies we may not go peacefully ....

let the big 3 go bankrupt and then come begging for funds. at that point they can sever their uaw relationship and downsize to 2 companies. the extra labor avilable, from 1 going under, will take the clout away from the uaw. share holders suffer...but we need to cleanse ourselves from the inept management and greedy union. the end result will be better for the country. by the way the survivors should get loans that must be paid back to us.

let the big 3 go bankrupt and then come begging for funds. at that point they can sever their uaw relationship and downsize to 2 companies. the extra labor avilable, from 1 going under, will take the clout away from the uaw. share holders suffer...but we need to cleanse ourselves from the inept management and greedy union. the end result will be better for the country. by the way the survivors should get loans that must be paid back to us.

let the big 3 go bankrupt and then come begging for funds. at that point they can sever their uaw relationship and downsize to 2 companies. the extra labor avilable, from 1 going under, will take the clout away from the uaw. share holders suffer...but we need to cleanse ourselves from the inept management and greedy union. the end result will be better for the country. by the way the survivors should get loans that must be paid back to us.

lET GM GO WE WON!T MISS THEM

lET GM GO WE WON!T MISS THEM