"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Lawmakers Leak Plan For $3 Billion Pension-Fund Bailout
Submitted by Melinda L. Secor on Mon, 2018-11-26 02:00
"While public pensions funds have hogged most of the media spotlight, Congress has been quietly taking steps to address a more vulnerable sector of the pension space. To wit, a bipartisan group of lawmakers sneaked a provision into this year's budget deal that established a committee to decide how to prevent the retirement benefits of 1 million Americans from evaporating once thousands of failing 'multiemployer' plans finally collapse into insolvency."
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