[Victoria Delsoul]

Our government in allowing these companies who are worth billions of dollars to shirk their pension responsibilities and go bankrupt after openly stating that they are making these legal moves exclusively to get out of paying. This is the worst kind of betrayal for our devastated Boomers.

Yep, it's the government's fault. Nothing to do with the companies own decision.

[qam1]

Yep, All Bush's & Arnold's fault.

But from the link..

Unions have been able to use these large defined pension funds in a beneficial way for workers over the years to exert political pressure and when these pension funds dry up so will the unions clout. The corporate leaders and their sympathetic political friends know this. Unions and bargaining power could instantly become redundant relative to the past.

It seems their real concern is not for their boomer members well being but the loss of their ability to skim off their members pensions.