[Spridgets] A MODERN PARABLE -- No LBC

[Bill L]

Hello Robert,

       well, it WAS the conservative's hero, Ronald Reagan who had the
       idea to let companies defund their pension programs----not have
       enough assets to cover their liabilities---- spend the money
       they HAD to pay of debts incurred in the future-----rather than
       proper fiscal management....... now when companies go out of
       business, the pension monies that people thought we put aside
       for THEIR future, CONTRACTED to them as a term of their
       employment... the creditors get what little IS set aside...
       employees and former employees... OOPS... too bad.




-- 
Best regards,
 Bill                            mailto:pythias at pacifier.com
   "66 Sprite
     I am Homer of Borg. Prepare to be assimi... Oooh! Donuts!