Comments on: Why ZIRP May Mean Zip For Millions Of Pensioners

By: rustacus21

rustacus21 — Wed, 29 Aug 2012 00:25:00 +0000

… that never ending nightmare continues. This scam is rivaled only by the bank & investment house thievery & the mortgage meltdown, but has still gone unnoticed by much of the American public. This is the underside of the Union fight, which guarantees that a viable pension system is available to Union employees, upon retirement. Under fire, these types of stories have remained buried, at the expense of more important ‘scandals’. But imagine the outcome if Social Security privatization starts to gain traction? For this reason, it’s mind boggling that this presidential race is as close as it is, w/such realities lurking in the backdrop, that Americans, hungry for sensation, have & continue letting escape their attention…

By: onedonewong

onedonewong — Sat, 25 Aug 2012 08:00:00 +0000

Lets see CRS/FES the federal govt pension plan is unfunded to the tune of $560B more than ALLLL the private pensions plans combined and yet Obama REFUSES to force civil servants to contribute more.
Under barak GM Chrysler and Toyoda all dumped their defined pension plans on the tax payers when he bailed them out. As a matter of fact EVERY company that he bailed out did the exact same thing

By: howa4x

howa4x — Fri, 24 Aug 2012 18:52:00 +0000

States are worse

By: Bart Grossman

Bart Grossman — Fri, 24 Aug 2012 17:01:00 +0000

One thing that threatens the pensions and other forms of retirement is the Feds insistence on keeping interests rates near zero. Anyone who saved for retirement is also getting shafted. This supposed to help the housing market but its mostly helping the banks.

By: CPANY

CPANY — Fri, 24 Aug 2012 14:53:00 +0000

You hit the nail on the head, Mr. Vila. But try to convince those poor ignorant saps that will vote for Romney just because he’s white. When their pensions go down the drain, they’ll scream like stuck pigs, but it will be too late. Unfortunately, I’ll be in the same boat as the jerks that voted for Romney, which really aggravates me.

By: Dominick Vila

Dominick Vila — Fri, 24 Aug 2012 12:31:00 +0000

When it comes to bailouts the only ones that count are investment banks, large corporations and the super rich. In fact, if Romney wins and he has a majority in Congress what is likely to happen is a major effort to remove regulation, including those designed to protect our pensions. The focus will be on paving the way for corporations to increase profits, even if doing so means destroying the middle class.