[sarcasm]

``This legislation will weaken the pension insurance system,'' says Bodie, referring to the U.S. law, which he says may require a PBGC rescue similar to the $200 billion U.S. savings and loan bailout in the early 1980s.

[thoughtomator]

Younger generations, prepare yourselves once again to be sodomized by boomer greed.

[CasearianDaoist]

More anti-bush electioneering. There was an article about "the Greenspan Credit Depression of 2006" the other day. They cannot find anything real to latch onto to talk down the economy so now they sky is going to fall in the future somewhere, surely during another Bush Presidency.This seems to be the talking point of the week.

[jackbill]

``This legislation will weaken the pension insurance system,'' says Bodie, referring to the U.S. law, which he says may require a PBGC rescue similar to the $200 billion U.S. savings and loan bailout in the early 1980s.

If memory serves, the total bill for the S&L bailout was more like $500 billion and it lasted through the end of the 1980's. It was one cause of the large G.H.W. Bush deficits.

[Poundstone]

All I can say is thank God I'm a federal employee, with a guaranteed government pension available to me once I turn 50.