With all of the Social Security talk lately, it's been nice to hear some other ways we're about to get screwed come to the forefront.
United Airlines brought back the fact that the PBGC is $21 Billion in the hole and now it's taking on UAL's $10 Billion. Soon other airlines will contribute to PBGC's debt load and then it'll be the auto industry and the rest of manufacturing. I calculate that within the next 24 months the PBGC will go broke and therefore need a taxpayer bailout that will make the savings & loan bailout look like small potatoes. Next, we can look forward to the State and Municipal workers pension bailout since just about every city and state in the union will soon default on their pension promises. And then there's Social Security. And Medicaid. And Medicare. Here's a good Op-Ed by George Will: http://www.nypost.com/postopinion/opedcolumnists/44096.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:157650 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
