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Alex Pollock: A Federal Guarantee Is Sure to Go Broke
Initially a union idea, the 40-year-old Pension Benefit Guaranty Corp. has a mission impossible. Nat Weinberg, for many years the chief economist of the United Automobile Workers, invented the idea of government insurance of private pensions in 1961. If we are going to negotiate for bigger pensions, which the auto companies may not be able to
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Posted: November 30, 2014 Sunday 05:39 PM