Fern
Elite Member
Thats pretty damn cold. I would never laugh at the destruction of the lives of middle class workers in retirement. It is a tragedy. They spent decades working for those benefits, they are not handouts. I see no humor whatsoever in people being thrown into poverty because of the broken promises and morals of others.
Wooosh!
That's the sound of my point going over your head.
So far this has been set up as employees versus bondholders. I raise the prospect that the employees may be bondholders.
Edit: To make even clearer (apparently necessary for some) where does this argument about defaulting or screwing bondholders to help the employees' pension go if the pension holds bonds?
Fern
Last edited: