[trek]

The solution to the pension problem is simple. Congress must modify the bankruptcy laws and make pension obligations senior to a company's debt. If you put the pensioners ahead of the bondholders in a bankruptcy then the bondholders will see to it that management funds every dime of the promised pension benefits.

[B4Ranch]

Now you are usiong logic and morals. That won't work today, sorry.

[RichardW]

"The solution to the pension problem is simple. Congress must modify the bankruptcy laws and make pension obligations senior to a company's debt. If you put the pensioners ahead of the bondholders in a bankruptcy then the bondholders will see to it that management funds every dime of the promised pension benefits."

I like that idea a lot. That would go a long way to solving this problem.

[SauronOfMordor]

The solution to the pension problem is simple. Congress must modify the bankruptcy laws and make pension obligations senior to a company's debt. If you put the pensioners ahead of the bondholders in a bankruptcy then the bondholders will see to it that management funds every dime of the promised pension benefits.

An elegant solution! I like it. It will have the market enforce that pensions are fully funded much better than more government oversight will

[rawhide]

I like what you wrote and agree 100%.