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Gunner Asch[_6_] Gunner Asch[_6_] is offline
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Default OT- Pension funds

On Thu, 15 Apr 2010 12:38:08 -0500, F. George McDuffee
wrote:

On Thu, 15 Apr 2010 09:52:41 -0700, Gunner Asch
wrote:

http://d.yimg.com/kq/groups/17260182...e/ftc-vi26.wmv


No comment necessary


Gunner

===========
You may also like this zinger. Be sure and scan the reader
comments.

http://news.yahoo.com/s/time/2010041...cGVuc2 lvbmZ1
GM's Pension: A Ticking Time Bomb for Taxpayers?
By JOSEPH R. SZCZESNY Joseph R. Szczesny – 2 hrs 46 mins ago

General Motors Corp. may no longer be the world's biggest
automaker, but it still operates the country's largest pension
fund. The threat to its pension plans has always been an issue,
butit took on a new urgency when GM disclosed April 7 that its
plans were underfunded by more than $27 billion, with more than
half of that being owed to U.S. workers and retirees. Across
town, a post- bankrupt Chrysler faces its own pension shortfall.
Moreover, a report last week from the Government Accounting
Office (GAO) says the pension crisis in the auto industry could
create an unprecedented crisis for the federal Pension Benefit
Guarantee Corp., a government-sponsored organization to backstop
company pensions.
snip

It is clear the "fall-out" from the economic implosion is far
from over.


Unka George (George McDuffee)
..............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).



I rather liked this comment...

"In theory, a union is a good idea. In practice, it creates a mob-run
special interest group."

Very true too.


Gunner


"First Law of Leftist Debate
The more you present a leftist with factual evidence
that is counter to his preconceived world view and the
more difficult it becomes for him to refute it without
losing face the chance of him calling you a racist, bigot,
homophobe approaches infinity.

This is despite the thread you are in having not mentioned
race or sexual preference in any way that is relevant to
the subject." Grey Ghost