I had many debates with lib trolls at the Wall Street Journal about the PBGC. It's been insolvent for years due to unionized companies collapsing under onerous union obligations and wages. Go to the PBGC web site and look at their annual report, but make sure to have a few cold ones around to calm down afterward.
I just posted about this regarding SCOTUS & Obamacare decision:
If overturned HR 3200’a Sec 164, “Reinsurance Program for Retirees” [labor-union retiree med benefit bailout clause] will be fully subsidized by WH using stimulus/slush fund, possibly via the Pension Benefit Guaranty Corporation (taxpayer-subsidized bureaucracy):
http://www.pbgc.gov/
Taxpayers and the Future Sector (young voters) still get screwed with these bills, have their IRAs, limited savings & incomes robbed due to insolvent unicorn-like Rat Union pension/benefits promises.
We pay, and the Democrats still get Tax funded campaign contributions funneled through pub union dues, even those from Rat union Retirees (they still pay dues, even tho retired)...
HR 3200’a Sec 164
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HR 3200’s Sec 164....