General Discussion

antigop

(12,778 posts)

67. NO! NO! NO! The taxpayer DOES NOT PICK UP THE TAB FOR GOVERNMENT INSURANCE (PBGC)

Tue Jul 17, 2012, 11:22 AM

Jul 2012

You said: "WE pick up the tab in the form of government insurance to pay the pensions for the employees of the companies he looted."

http://www.pbgc.gov/about/how-pbgc-operates.html

PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plan

Taxpayers DO NOT pick up a pension fund shortfall.

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David Corn says this is just the first wave of Bain exposures [View all] grasswire Jul 2012 OP

Butter? malaise Jul 2012 #1

Brrraaaaaaaaaaaaaap!!!!! - 'scuse me. TheCowsCameHome Jul 2012 #5

Seriously this is delish malaise Jul 2012 #20

I'm a sculptor and I am constantly cleaning my hands to get on snappyturtle Jul 2012 #45

Buttered Corn? DJ13 Jul 2012 #11

Enjoy malaise Jul 2012 #23

Yes please Aerows Jul 2012 #18

Feast away malaise Jul 2012 #24

Don't forget this... Gold Metal Flake Jul 2012 #47

Can We Get A More Healthy Snack Yavin4 Jul 2012 #74

Popcorn is the healthiest snack around. Even real butter on top is not bad. New findings juajen Jul 2012 #75

Eating lots of buttered biscuits is cool when you work on a farm demwing Jul 2012 #82

Only if he releases his returns. He will never do that. Its a moot point. nt riderinthestorm Jul 2012 #2

Bain's record is public knowledge MannyGoldstein Jul 2012 #7

I sincerely hope you are right but the American public is going to latch onto sound bites riderinthestorm Jul 2012 #14

Obama's message machine is also extraordinary when MannyGoldstein Jul 2012 #30

A lot of people are morans, but who trusts somebody who is obviously hiding things? yardwork Jul 2012 #43

Answer to that one: treestar Jul 2012 #44

Better yet LiberalFighter Jul 2012 #50

You guys are very good. MissMarple Jul 2012 #69

And the answer is... WinstonSmith4740 Jul 2012 #54

well said! Blue_Roses Jul 2012 #57

My response to that Blue_Roses Jul 2012 #56

this message isn't directed to the Mitt base lunatica Jul 2012 #64

So respond: "How can you trust Romney with our taxes demwing Jul 2012 #83

But Mitt did use our money. He stole those pension funds and made taxpayers make up the difference. SunSeeker Jul 2012 #86

He will have to if the heat gets turned up. TheCowsCameHome Jul 2012 #10

No can do ! jaysunb Jul 2012 #13

That's a good option. TheCowsCameHome Jul 2012 #17

Don't go there lark Jul 2012 #73

Even without tax returns anyone who has made hundreds of millions has a long paper trail Bjorn Against Jul 2012 #15

You could tell tonight he's already on DevonRex Jul 2012 #42

Even tho he looked tired he's got SO much enthusiasm and a twinkle snappyturtle Jul 2012 #46

The OP isn't talking about tax returns. It's talking about public filings and contracts. Docs filed Honeycombe8 Jul 2012 #21

I'm getting the feeling PatSeg Jul 2012 #3

+1 nt jaysunb Jul 2012 #16

Yep. I saw it. Said he and Fineman could DevonRex Jul 2012 #4

he and Fineman could each keep 100 reporters busy for 4 months digging into Romney's dealings DJ13 Jul 2012 #12

It has ALREADY happened. Have you read the DevonRex Jul 2012 #19

Sure, its a hot story now DJ13 Jul 2012 #25

I'd bet everything I own on INSURANCE FRAUD. Romney looted the pension funds knowing federal program blm Jul 2012 #29

Looting workers pension funds B Calm Jul 2012 #36

Did you see the Dem ad with the former steel worker? snappyturtle Jul 2012 #48

You just might be onto something there. DevonRex Jul 2012 #39

NO! NO! NO! The taxpayer DOES NOT PICK UP THE TAB FOR GOVERNMENT INSURANCE (PBGC) antigop Jul 2012 #67

wel, all and all, the consumer is still paying for it in added costs to their insurance premiums blm Jul 2012 #72

once again, the PBGC IS NOT FUNDED BY TAXPAYERS. It's on the PBGC website. n/t antigop Jul 2012 #78

the companies with defined benefit pension plans pay the premiums to the PBGC. antigop Jul 2012 #79

the PBGC is NOT FUNDED by taxpayer dollars. I keep trying to tell DU'ers this fact. n/t antigop Jul 2012 #68

ALL fraud affects the taxpayers. Plus....The article said he socialized the losses. blm Jul 2012 #71

the PBGC covers pensions of bankrupt companies. IT IS NOT FUNDED BY TAXPAYERS! antigop Jul 2012 #77

Companies pay premiums to PBGC. And the recently passed highway bill increased those premiums. antigop Jul 2012 #81

So then the Companies pay a higher premium - and guess what that means? demwing Jul 2012 #84

but taxpayers don't pay for premiums -- which is what several DU'ers have claimed n/t antigop Jul 2012 #87

not necessarily when it comes to pensions...the EMPLOYEES may pay for it, but not necessarily the antigop Jul 2012 #89

I do get that, and thanks for posting it I'll correct my wording, but costs ALWAYS get passed on blm Jul 2012 #85

not necessarily...in this case the employees may take the brunt..not the general public/taxpayer. antigop Jul 2012 #88

I missed the Vanity Fair article... Blue_Roses Jul 2012 #59

Here it is. DevonRex Jul 2012 #61

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Like a smugglers cove Rosa Luxemburg Jul 2012 #8

Earlier Sharpton said that there were at least 134 documents that Rmoney signed BumRushDaShow Jul 2012 #9

It's not surprising- look how confident the Obama team is KaryninMiami Jul 2012 #22

My guess from the way Obama handled bin laden Blue_Roses Jul 2012 #58

That's why you push. Peel away one layer of bones in the closet and find another. pa28 Jul 2012 #26

Oh thank you Mitt. Marie Marie Jul 2012 #27

Agreed :D jillan Jul 2012 #34

"Bain, Bain, Bain, Bain, eatin' Romney's Bain." randome Jul 2012 #28

It's so nice to be on the giving side for a change. jillan Jul 2012 #31

The Obama campaign gets it creeksneakers2 Jul 2012 #41

True. Crazy birther-esque crap won't fly if it's seen as retaliation or the Bain exposure. lindysalsagal Jul 2012 #52

Kernels of truth from Corn! We are all ears! NRaleighLiberal Jul 2012 #32

Groan... Blue_In_AK Jul 2012 #37

I know. I just like puns. guilty! NRaleighLiberal Jul 2012 #38

oh no. NRaleigh - that was some kind of corny there. nc4bo Jul 2012 #80

I'm curious to know how much corporate welfare B Calm Jul 2012 #33

David Corn is a very respected author, journalist, and researcher. Bring it on, David! nt ailsagirl Jul 2012 #35

That Makes Sense DallasNE Jul 2012 #40

Caribou Barbie is a stalking moose. Octafish Jul 2012 #49

We love you David Corn: even if people tire of this it keeps Mitt off balance flamingdem Jul 2012 #51

I don't understand why this didn't come out in the primaries. Marr Jul 2012 #53

Because they were all repugs, WinstonSmith4740 Jul 2012 #55

TALK ABOUT BAIN'S OWNERSHIP OF TALK RADIO Harley Jacobson Jul 2012 #60

Clear Channel! All that right wing radio. I didn't realize. Overseas Jul 2012 #63

Bane Capital JCMach1 Jul 2012 #62

David Corn Dalai_1 Jul 2012 #65

Corn is generally right about things. mwb970 Jul 2012 #66

I liked it when David Corn said "Kind of like the DDay Normandy Invasion". And someone said David ArnoldLayne Jul 2012 #70

Can we now pronounce Mitt terminally "Bain Damaged?" nichomachus Jul 2012 #76