Dear Committee: Main Street Says Look at Pensions
By GRETCHEN MORGENSON
Published: November 12, 2011
THE so-called supercommittee in Congress has until Nov. 23 to find more than a trillion dollars of new savings in the federal budget.
Here’s one idea: Stop reimbursing the costs of pensions and other retirement benefits at huge, and hugely profitable, defense contractors. Over 10 years, such a move could save an estimated $30 billion — the amount by which these pensions are collectively underfunded. (That figure could change, depending on pension performance.)
Much More:
http://www.nytimes.com/2011/11/13/business/dear-committee-main-st-says-look-at-pensions.html?_r=1&pagewanted=all
DO SOMETHING!
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