Millions Face Pension Cuts Thanks to Wall Street Recklessness

[fedexnuno]

Millions Face Pension Cuts Thanks to Wall Street Recklessness - BillMoyers.com

[2631]

Very interesting article and the reader's comments are even more interesting and informative.

[fxstc07]

Doesn't this short excerpt from the article say it all ...

In short, the middle class and the poor must endure lectures on the virtues of personal responsibility, self-sufficiency and free enterprise from the same people who have been feeding greedily at the public trough, crashing the economy and walking away with their pension plans and severance packages in hand for decades.

Sounds a little like the lectures our poor departed bean has been giving us all.

[222lifer]

Hopefully there are enough prison cells to hold all of these thieves when the dust settles. Right next to Hillary's.

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[Sayheykid]

I could start a knew thread or post some where else, but I'll post this here, it's kinds like greed and wall street....



Republicans plan to solve wage stagnation and entitlements


"Their creative plan to help the common worker is to make it illegal for unions to withhold union dues automatically “so that you have more money in your paycheck.” That’s it. Boost your pay by stripping as much away from unions as they can. The marvelous creativity here is in how they manage to construe that as being for the benefit of the American worker to such a degree that they even believe it themselves.

Never mind that unions are the only thing that might give you enough unified strength to get your pay or benefits improved against cost-slashing corporations. Never mind that your pay stopped going up as soon as Reagan started breaking unions and as soon as Bush I started shipping factories to Mexico in that great sucking sound to the south. That is when pay stagnated while corporate profits soared … unless you were working in upper management where your pay rocketed into the Vanderbiltian stratosphere."