The American Spectator

home
ADVERTISEMENT
ADVERTISEMENT
The Largest Selection of Liberal-baiting Merchandise on the Net!
ADVERTISEMENT
ADVERTISEMENT
Print Email

AmSpecBlog

Payback Time

Lost amid the Roberts confirmation, hurricanes and how to pay for them, and other political shennanigans is a piece of legislation that is moving quickly through Congress that may have a huge effect on big businesses in the coming months.

In both the House and the Senate, committees are quickly moving bills through on pension reform that would accomplish a number of things, not the least of which is requiring companies to fully fund their pension accounts for retirees. This is a good thing, particularly if you are a legislator with a large district full of, oh, say, automotive or airline employees.

But critical for big businesses is the catch-up period Congress may set to get their funds 100 percent funded. Originally, there was a three-year funding requirement. Now, the Senate is considering 90 days, a huge difference, particularly if you are looking at an 80% funded pension account in the hundreds of millions or billions of dollars. That's a lot of money to come up with, even if you're a company looking at making up a two or three percent shortfall.

Things appear to be in flux, but consider that yesterday the Senate attempted to jump this pension bill over a Defense reconciliation bill for possible consideration on the floor. That was blocked, but the speed at which this legislation is moving has the whiff of something moving too fast to be good for anyone.

topics:
Business

Comments

cheap friendship bracelets| 9.4.09 @ 2:32AM

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks

again.

tiffany and co| 9.4.09 @ 3:10AM

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.

Wow gold| 9.4.09 @ 3:12AM

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.

ed hardy| 9.4.09 @ 8:26PM

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.

cheap links of london| 9.4.09 @ 9:15PM

Thanks for your information, i have read it, very good!

Links of london Classic charms| 9.6.09 @ 1:17AM

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.

tiffany and co| 9.9.09 @ 11:16PM

It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.

long| 11.10.09 @ 3:20AM

wholesale nike shoes

wholesale shoes

ugg classic cardy| 12.5.09 @ 10:16PM

Welcome to our website: http://www.infls.com
As the commodities we supply are of excellent quality and low price,
we have won a very good reputation from our clients all over the world.
If you are interested in any of our products, please don't hesitate to contact with me by email.
i trust that through our cooperation we shall be able to conclude some transactions with you in the near future.
Website: http://www.mbtshoe.co.uk
Best regards!

sidnee| 12.9.09 @ 11:50PM

adidas
cheap nike shox

Leave a Comment

Related Articles

ADVERTISEMENT

Obama's Miranda Madness

Less than an hour into the interrogation of the Christmas Day "underwear bomber," the U.S. Justice Department instructed FBI agents to advise Abdulmutallab — an al Qaeda operative from Nigeria — of his Miranda rights. Shockingly, interviews since have yielded "no actionable intelligence."

Stop plea bargaining with terrorists!

ADVERTISEMENT