JustAWS: You might look up some of Kahn's nebulous arguements for deregulation. To me, they sounded quite abstract and deceptive.
Otterman: We can partly thank the US Congress for never requiring corporations to fully fund pensions. Who can translate the background into laymens' terms, as to why, historically, they were never created as separate accounts, like a bank saving's account?
Congress seems to have been hijacked in recent years by lobbyists and the PAC donations. Various industries give money to a politician's campaign, so he/she can afford to advertise, travel and become re-elected.
And which party is mostly to blame?
Could it be the same party which most pilots vote for
? Does anyone have objective information?