Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
The PBGC is pure vote buying t its finest. While it is unfortunate for the miners one should consider that the pension is a UMWA issue and the union members should have simply elected officers that were more fiscally responsible.
This is something which has always aggravated me about unions. The rank and file members tend to put entirely too much stock in their elected officials who more often than not are cleaning up at their expense.
You’re welcome
Where’s the 401(k) bailout?
I feel bad for these pensioners, but that’s why their pensions are covered under PBGC. If they wanted better coverage, they should have paid for it: