Pension Benefit Guaranty Corp. running $34 billion deficit
• Washington PostThe federal agency that insures pensions for 43 million Americans saw its deficit swell to $34 billion in the past year. The Pension Benefit Guaranty Corp. blamed the growing shortfall on its inability to charge private employers adequate premiums fo
What's 34 Billion? A DROP IN THE BUCKET, compared with the $20+ TRILLION, THAT THE TBTF ("Too-Big-To-Fail") Banks on Wall St. STOLE FROM THE AMERICAN PEOPLE! in the late 2008, "No-Banker-Left-Behind-Bailout". That Obama signed off on.
Now, if we could just figure out a way to get it back! THEN, USE IT TO PAY OFF THE $34 BILLION DEFICIT, in the PENSION BENEFIT GUARANTY CORP. !!!