Tag: pension plan insolvency

Ground Zero for U.S. Economy: Private Pension Insolvencies

It’s just another ticking time bomb facing the US economy, which faces dramatic cuts in public services, and if Paul Ryan has his way, Medicare and Social Security will suffer the same fate as billions more in profits flow to the shareholders, CEOs, and the wealthiest 1% of Americans with another round of tax cuts coming their way under Trump and the GOP.

And yet the unsuspecting pensioners are the same people who voted Trump and the GOP into virtual total control of our government while claiming to be looking out for the working class. And these are the same ones who will find some way to blame the poor and/or government “giveaways” to them which account for an infinitesimal amount compared to what the wealthiest corporations and individuals receive.