I realize pension reform is not the sexiest issue to cover, but one look at the price tag for this bailout will arouse anyone's interest. From the National Taxpayers Union:
Tell Congress to Support Pension Reforms, NOT Pension Bailouts
Legislation has passed the Senate that -- instead of providing needed reforms for America's pension system -- would provide a taxpayer funded bailout worth $16 billion. The Senate bill is nothing more than corporate welfare of the worst kind. The Wall Street Journal even editorialized on February 2, 2004 that should this legislation reach President Bush's desk, the Senate-passed bailout would be the "perfect candidate" for a his first veto. Although much of the media has ignored the pension bailout issue, taxpayers could lose more money if this legislation passes than they have from all of the recent corporate scandals combined.
You can obtain more information, and contact your representatives, here.
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