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Response to DevonRex (Reply #39)

Tue Jul 17, 2012, 11:22 AM

67. NO! NO! NO! The taxpayer DOES NOT PICK UP THE TAB FOR GOVERNMENT INSURANCE (PBGC)

You said: "WE pick up the tab in the form of government insurance to pay the pensions for the employees of the companies he looted."

http://www.pbgc.gov/about/how-pbgc-operates.html
PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plan


Taxpayers DO NOT pick up a pension fund shortfall.

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