Usually, this is a sign of a failing company.

Good. Those pensions need to be cut anyway. Take it all.

Sounds like Rightiswrong is a tad bit jealous of the pension the employees worked for.

Typical.

#3 | Posted by 726 at 2012-01-19 08:25 AM | Reply | Flag:

You mean the ones they won't' be getting because Obama is using them to fund his deficit riddled government?

What the government giveth, the goverment taketh away.

Don't worry, there is no way the debt ceiling is not going to increase, then they will just fill the pension back up with T-bills backed by nothing but Hopium and the printing press.

Robbing Peter to pay Paul. The community organizer is also a thief and liar.

Hope and change

SUCKERS

I wonder how the federal employee unions are reacting to this?

OTOH the Federal employee pension plan does seem to be the sanest one around.

From Google:

"Treasury to tap pensions to help fund government - The Washington ...
www.washingtonpost.com/
...pensions...fund-government/
.../AF2fqK...
May 15, 2011 â€" ... will begin to tap federal retiree programs to help fund operations after ... that Congress use the debt vote as a way to bring down government"

And:

May 18, 2011
"On Monday, the government reached the debt ceiling, and the Treasury Department immediately implemented measures to appropriate federal pension fund payments to use for government spending."

"The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

Treasury Secretary Timothy F. Geithner has warned for months that the government would soon hit the $14.3 trillion debt ceiling â€""

Sounds like Rightiswrong is a tad bit jealous of the pension the employees worked for.

Typical.

#3 | Posted by 726

Yeah. Collective bargaining sure is a good gig. "It's my money!"

Nope. It isn't. And I'm not going to pay another nickel.

I wonder how long it will take before they start tapping into private pensions, IRAs and 401Ks.

A government that can give you everything you want can take everything you have. Go Libs!