OBALMO CUTS PENSION S
ANOTHER 1ST DUE TO HIS INEPTNESS FOR THE 1ST TIME IN RECENT HISTORY YOUR PENSION MAY BE CUT ----WOW WHAT A LEADER ANY LIBS WNNA TRY ME OR COWER IN SHAME
Re: OBALMO CUTS PENSION S
Geez Ollie, It's going through the House and Senate. Obama runs neither. It applies to certain pension plans not well run in the private sector. They didn't fund their pension plans through poor management. Been going on for many years. The government agency that takes over the failed private plans is running out of money. Many US businesses have applied for bankruptcy and reemerged as strong companies after shedding their obligations. The government retirement agency has always cut benefits in half when they get failed plans. Will Obama sign it? Probably. The plans will fail anyway without relief.
And yes, this is another blow to the middleclass. That's the way it is nowadays. Nobody wants to help the middleclass. The Repubs will pass it in the House won't they???