Quote Originally Posted by Ken Nadvornick View Post
Bankruptcies are always ugly. This one is no different.



Ken
I guess what I am most angry about is that our government allows this to happen.

Funding a pension? Well, as long as you put in a small percentage of what is required every year, and promise to make up the rest, you are fine.

Market didn't grow like you had hoped throughout the year so there is a shortfall? That's OK, you don't have to put in the money at the end of each year to make it up, you can just gamble that the market will increase twice as fast next year.

What? You say that medical costs are climbing 5 times faster than you VERY CONSERVATIVE estimates. Don't worry about it. I am sure it will improve in the next year or two.

Just be sure and put A LOT of money into my re-election campaign and next year we will let you deduct those "expenses" so you can pay less taxes.

And don't get me started on 401K plans.