XPost: or.politics, alt.politics.trump, alt.fan.rush-limbaugh   
   From: recscuba_google@huntzinger.com   
      
   On 2/19/25 12:39, tye syding wrote:   
   > On Wed, 19 Feb 2025 09:14:44 -0500   
   > Bi-valve Mollusk  wrote:   
   >   
   >>> FWIW, I'd love to see what private enterprise would be able to be   
   >>> profitable if they had to meet the same forward funding   
   >>> requirement.   
   >>   
   >> That's a big *if* becuase, generally speaking, the private sector is   
   >> smarter than to get into bad deals like the USPS has gotten into.   
   >   
   >   
   > Like pre-funding pensions today a whopping 75 years out!!!   
   >   
      
   Which is why private industry's solution has been...   
      
   ....to just totally eliminate all pensions!   
      
   The history goes back to Reagan in 1981 with the regulations on 401(k)'s   
   (& 1988 retiree health coverage) enabling corporations to boost profits   
   by changing these deferred employee compensation:  many employees   
   weren't savvy enough to recognize as a pay cut...   
      
   ...until they got much older.   
      
   Tail end Boomers & Gen X'ers have been finally looking at retirement,   
   and are realizing that not maxxing out their 401(k) means they're now   
   screwed and its far too late to do anything about it.  They're realizing   
   that they're less financially secure than their parents & they're   
   looking for someone other than themselves to blame, such as who they   
   think caused Bush's 2007-8 Great Recession.   
      
      
   -hh   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)