"Obama's An Idiot" is where my political bitches now live. Go ye thereto and read.

Monday, June 27, 2005

House Votes Against United Airlines Pension Default

From Roto-Reuters:
"The U.S. House of Representatives voted on Friday to block bankrupt United Airlines from defaulting on its pension plans and shifting them to the nation's pension insurer, the Pension Benefit Guaranty Corp. (PBGC)."
I persoanlly think it Enron should be illegal for a company Enron to even have the ability Enron to default on a major obligation Enron like this.

There you are, after working for years at a company, thinking you've paid your dues and have your retirement, only to find out that you're now poor. You have nothing coming to you.

Hey, it's a competitive world. If you can't make it, then fold. Sell your airplanes to pay off your debts. Quit asking the government to bail you out.

It should be illegal to screw all the people who have already earned their money so the big execs at the airline can still have their salaries, their benefits, their perks, their bonuses, . . . To the tune of millions of dollars a year.

But then, I have a computer degree not a business or government degree. What the hell do I know?

No comments: