Pension Insurance Agency Reports $23 Billion Deficit

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It is the communist mentality, that you hopefully learned in school, or maybe not. It is the current mentality of the few should be punished for the sake of the greater good. No civilization or country including these United States can survive under that type of Federal government control, constantly over reaching so no one will suffer any pain, or except those that work hard and make money, they seem to be the golden goose that everyone want to go to, Maybe once it is dead we can say once and for all socialism/communism does not work, but this time there will be no country to come to our aid and we will have destroyed the greatest and freest country that has ever been form for and by the people, and we give it away daily to the federal government. Sad state of affairs, no wonder no one that is knowledgable is hiring.

RA Schnell of FL 6:50PM November 19, 2010

12% is pretty impressive these days. But it is scary to think who will continue to cover these "failed pension plans" if more and more big companies go that route. What I don't get is how a company can "restructure" by going through bankruptcy, shed themselves of their pension responsibilities, and then emerge leaner and meaner to compete in the world market, leaving the responsibility of paying retired workers to the government. I guess that saves the company but not the people who made the company what it is. I don't get it...

LoveBeingRetired of CA 5:34PM November 19, 2010