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doc03

(38,955 posts)
6. The Republicans have been using the debt
Fri May 1, 2020, 08:29 AM
May 2020

to starve the country for decades. Now with CIVID 19
somehow the government can come up with trillions to bail out business. They have been hammering on SS about it going broke while it has a 1 1/2 trillion dollar trust fund. The PBGC has far more obligations than assets and
people with multi employer pensions are losing their pensions or they are being cut. But the government can't come up with the money they promised
when they created the program. It's the government's fault the PBGC is broke in the first place. They don't force companies to fund their pensions so eventually the PBGC has to take them over.
I have a defined benefit plan myself. The administrator of the plan sends a report every year. I have been retired for ten years and every year the percentage of obligations to assets have dropped. Once the percentage drops so far the PBGC has to take over the plan and the company will walk free and we pay the price.

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Am hoping that UpInArms May 2020 #1
I'm hoping they end up working Bettie May 2020 #2
I'm hoping they end up as Soylent Green. lagomorph777 May 2020 #4
! JudyM May 2020 #30
THIS !!! I talked to a Trumper and nearly 25% of the conversation was against this because he uponit7771 May 2020 #3
75% are still working Johnny2X2X May 2020 #5
The Republicans have been using the debt doc03 May 2020 #6
Watch Tom Hartmann explanation of The Two Santa Claus Theory. Must see. This is why Republicans... usaf-vet May 2020 #19
This should be required viewing in every HS American History class. JudyM May 2020 #33
Companies ought to have to keep their pensions covered as well as escrow a year's worth of operating JudyM May 2020 #31
Well said... Alacritous Crier May 2020 #7
It's just as you say. Here's the point of view of a Georgia restaurateur Bernardo de La Paz May 2020 #8
+1000 smirkymonkey May 2020 #26
Very interesting, and I agree! C Moon May 2020 #9
Exactly. Once you're working for yourself and realize the value you produce bucolic_frolic May 2020 #10
ReTHUGs biggest fear malaise May 2020 #11
and the rebirth of Social Democracy DBoon May 2020 #23
Correct malaise May 2020 #24
Lindsay Graham said the $600 would be extended "over my dead body" mountain grammy May 2020 #12
That $600 is a huge problem for Republicans Johnny2X2X May 2020 #13
You are exactly right. mountain grammy May 2020 #18
No country in the world should have a higher median income that we do Johnny2X2X May 2020 #20
We did have a system mountain grammy May 2020 #25
Kind Of Tempting Fate To Say That During A Pandemic ProfessorGAC May 2020 #29
K&R nt PoliWrangler May 2020 #14
Darned right. PatrickforO May 2020 #15
The idea that people are getting anything free without having to work is killing them. ooky May 2020 #16
Only poor and middle class people Johnny2X2X May 2020 #21
Ah, Trumper training 101. ooky May 2020 #22
Yes, they're very class-conscious. Buckeye_Democrat May 2020 #28
I hope this ends this deficit matters bullshit and people are taken care of. When Dems win we need Pepsidog May 2020 #17
Absolutely true I_UndergroundPanther May 2020 #27
If a little bit of stimulus every decade or so helps the economy, then why not give more stimulus Victor_c3 May 2020 #32
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