Mr. President, if you are so concerned about the people, why don't you do something about the confiscation of pension benefits by the major corporations. IBM and othersgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
have severely reduced pensions for the elderly people who now will have to work until they die. There is a disconnect here. If the stock market is near an all time high and profits are so good, why is it necessary to reduce the pensions of the hard working people? Wake up Americans. Write your Congressmen. They will not pay any attention but at least let them know. The top executives are not sacraficing their multimillion dollar golen parachutes that they get when they retire. Is this another example of the idea that money talks and those who contribute to campaigns get the gravy. The Democrats should be ashamed. Promise so much and deliver so little.
-- Tom (Tom@notstupid.gom), September 21, 1999
I heard about this on a financial talk show on the radio other day. Its called the Cash Balance program and essentially amounts to strong armed robbery by the corporations. They usually let you know in a memo from Human Resources that starts off "Good News! We're improving your pension plan!" And they're right. They're improving it as far as the corporate office is concerned.
I wasn't too concerned though as A) I have no pension and B) the Cash Balance rip-off will be insignificant when the depression hits next year.
-- a (email@example.com), September 21, 1999.
Yes, we all want to be just as rich as the "executives." We want the money! Ha, what happens when these corporations go bump and end up tits up in the bar ditch? Does that sound like a good pension?
-- Jim the Window Washer (Rational@man.com), September 21, 1999.