sieze all the corporate pension funds now

http://www.counterpunch.org/2012/07/13/pensions-under-attack/


some of us have called on  uncle for years  to take over
  all   our  existing corporate sponsored  ' defined benefit 'plans

take em over
 assume their obligations 
  and tax the bejesus out of their former "corporate managers "
like those hideous profit pots are a bunch of  18th century french peasants 

------------------

yup 
we citizen enrages
need to  rebuild the federal back stop system with fat hacked off the corporate haunch ;

  The Pension Benefit Guarantee Corporation (PBGC) is in trouble and headed for a lot more

right today  we need to stop the  board room clip joint operations
   that run their pension obligations thru a chapter 11 bankrupcy court
                                      and from there right out of existence

poof  gone !

 like  promises to the natives by  a settler community
that's where the PBGC comes in
to pick up the obligation ...but only in part of course
--operates much like fidc for despositors
theres's a limit to the coverage ---

----------------------------------------------------
the day of the corporate fringe massacres is at hand and has been at hand
 for over two decades now
   and  in a growing crescendo of court ordered slate wipe offs  rip outs and vanishments

this is obvious to all of us looking into the crater where once union contracts existed

 but uncle  stepping in now and taking over prior to court action
 ..ya i mean uncle  coming in pre emptively
putting  a stop to this ...like ending a hideously uneven bloody faced bout ...

        friends it 's certainly  well past due

the longer uncle lingers the  more fringe fucks.... the more ruined retirements

and yet  as with most
recent "ought versus is  " state  plays

uncle is heading in exactly the oposite direction:

"On Friday, July 6, President Obama signed into law a bill that would renew transportation programs and extend low interest rates on student loans for one year. ..
 tucked away within the bill’s pages was a little-noticed proposal to further erode the funding of workers’ pensions. ...This bill in a brilliant sleight of hand  ...
            REDUCED  the amount that corporations pay
                                        into their  grossly underfunded pension systems"


 read more at the  counter punch link above .....