Wednesday, February 28, 2007

From pensions to 401(k)s - Here's Bull Dog Pundit on ABP "Goodyear phases out defined benefit plans": "Perhaps one day the politicians will realize that there’s a reason that private corporations are doing this, and take the same tack with public employee unions. But don’t hold your breath. Unlike Goodyear, which actually has shareholders to answer to, and would go out of business, the government can just look to that amorphous entity “the taxpayer” to shell out more an more for fiscally unsustainable programs."

No comments: