Tag: defined benefit

On pensions, worried enough to go nuts

If you are the venerable United Press International, you’d say that Washington sees “GM Files Bankruptcy” written on the wall. The blogosphere would rather say the whole pension debacle is making people insane.

I’d say throw in an incapacitated government sponsored guarantor just for shits and giggles. Retirement for some is going to be one hell of a ride. Companies are dropping defined benefit plans – I just hope it isn’t too late.

Adding to the big money “conspiracy”

While this comment by “Bailey Savings and Loan” (over at the Daily Kos) might seem a bit outlandish, the repercussions described are not.

I’ve heard at least one very intelligent person discuss the possibility of a depression fueled by overzealous indebtedness, something the US and its citizens assuredly have.

How about adding a few points to it…