bottomups
Bad Moon Risen'
I didn't take out the loan, my son did. I just choose to pay it off for him.Yes that’s exactly like a defined pension benefit. Oh wait it’s actually nothing like that. Those loans were taken out by you with the intent to pay them back yourself. Everyone getting their pension saved did exactly what they were supposed to do.
You might have a good analogy but that’s not the one.
A pension fund should only pay out what it can afford to stay solvent. Retirees maybe should have accepted a reduced benefit instead of gouging the taxpayers? Should the poor have to pay for the middle class Union workers to keep their benefit?
I've bailed out farmers, auto companies, big banks, Ukrainians, Trump, etc....
Guess it's the American Way.