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View Diary: Romney campaign tried to deflect Sensata blame onto Obama's pension (51 comments)

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  •  WTF? eom (1+ / 0-)
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    Why is Mitt Rmoney so happy that an American embassy was attacked? Why does he hate America?

    by RichM on Tue Oct 16, 2012 at 02:34:26 PM PDT

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    •  You took the words right out of my mouth! (0+ / 0-)

      "We the People of the United States...." -U.S. Constitution

      by elwior on Tue Oct 16, 2012 at 04:13:01 PM PDT

      [ Parent ]

    •  I always assume some basic understanding (1+ / 0-)
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      of issues, and that's probably not warranted.  so I'll unpack it a bit: the pensioners are contractually guaranteed their benefit amounts.  to the extent there's a shortfall, the taxpayers have to pay the difference.  so, no matter what happens, the beneficiary receives the defined benefit: as the diarist notes, the benefit doesn't increase if the assets in the trust outperform.  if the assets do outperform, then it means that the taxpayers don't have to pay as much in the trust to cover the projected benefits.

      do you understand?

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