Friday, May 13, 2005

United Airlines vs. you or me in bankruptcy?

Yesterday United Airlines was granted permission from a Federal Judge to stop its Pension Fund obligations and to have the Government pick up the obligations by taxpayers like you and me through the Pension Guarantee arm of the government. The trouble with this is that our Congress and President recently passed bankruptcy legislation which requires average citizens to pay back obligations even though they too filed for bankruptcy. Am I the only one here who thinks this stinks? What's proper for WeThePeople should be good for business too. Or is this just another payback to patrons for those Credit Card companies that can't shuffle the debt from poor credit loans to the government. Where's the outrage? And what do the Government representatives say that manage the Pension Guarantee? They say they are going bankrupt too! And who do WeThePeople blame for this? You're right, the government that has been in power now for 5 years. Oh don't worry. Next year you will be able to reelect more of them to promote business and special interest legislation. The rest of us better wake up soon and look for some candidates with backbone that will restore equity in bankruptcy and a sense of fairness, real decency, real morality and courage in government rather than the arrogance and gaul we see today.

0 Comments:

Post a Comment

<< Home

Technorati Profile