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Lesser Fool

Tapping The Retirement Kitty Again

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Barrelling ahead full steam in Congress are plans to reduce further the onus of pension funding for corporations. Two-edged advantage for the economic stimulus camp: 1) the smaller pension fund outlays will help corporate balance sheets; 2) the switchover to cash-out plans means workers will have more money to burn before they reach old age. More fuel on the flames that are causing America's social and economic destruction right before our eyes.


Tying off another troublesome corporate loose end

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