Thursday, January 20, 2005
The New York Times > Business > Talk of Changing Pension Math Raises Concern on Benefit Cuts
Here is an area in whcih I side with the anti-business Left. Pensions should be transparent and funded. This will hurt many firms with older workforces (just as that same older workforce, the Baby Boomers, will hurt the budget.)
However, as the taxpayer is the "lender of last resort", getting corproate pensions in order ultimately benefits everyone.
As for the title of the NYt article, there is very little in the piece that cries out anything justifying it. Conjecture, yes. Precedent from tha change in health insurance reporting, yes. However, each point is a sentence ot two in a very large article.
Here is an area in whcih I side with the anti-business Left. Pensions should be transparent and funded. This will hurt many firms with older workforces (just as that same older workforce, the Baby Boomers, will hurt the budget.)
However, as the taxpayer is the "lender of last resort", getting corproate pensions in order ultimately benefits everyone.
As for the title of the NYt article, there is very little in the piece that cries out anything justifying it. Conjecture, yes. Precedent from tha change in health insurance reporting, yes. However, each point is a sentence ot two in a very large article.
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