Sunday, January 7, 2007

One Pissed Tax Payer

The above title is not too unusual in this country. But it
just seems to keep getting worse. So what has my knickers
in a knot today? Well I read in Saturday's paper that Delta
Airlines, which is in bankruptcy, has terminated it's pilot's
pension plan with the approval of the judge and the Pension
Benefits Guaranty Corp. will take it over. The plan is
underfunded by somewhere around 3 billion dollars. Who
wants to bet that the Delta exec's plans are fully funded
and their golden parachutes are safe.
One of the things this means is that the pilot's will not
get what they were promised. The other is that we the
taxpayers are left holding the bag for Delta. From what
I've read, the pilots will get a max of almost $31,000 but
more than likely less and Delta skates. This is Baloney.
If the taxpayers are going to pay this then the
government needs to step in and tell Delta in no uncertain
terms that they will be required to repay every penny.
We can be kind enough to stretch it out to make it a bit
easier on them but pay it they should.
I don't mind helping out the present and future
retirees, after all that's just neighbor helping neighbor.
But I hate the corporate welfare. This is taxpayers
money that could be better used elsewhere.
In my opinion we should take everyone involved
in this from the president of Delta to the Judge hearing
this case and tie them behind one of those little tractors
they use to take luggage to the planes and then let's
drag them down the runway once or twice. Or better
yet, lets ship them all somewhere on Delta as luggage
and maybe Delta will lose them.

Mike Dane

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