Wait until UPS announces the impact on their business. They have boatloads of retiree’s who have health benefits and it is a very generous plan. It will top AT&T’s $1B charge. Not to mention Chrysler, GM, and Ford ...
And lets not forget ALL of the teacher's unions out there ...
Is this charge, is it a loss for the companies as they cant deduct it from taxes any longer? Correct?
So, this means it will cost a half million jobs??? Or more???
Not bad for a communist plan. Usually they kill alot more people when they implement their plans.