Is Bush Right about Pensions?

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Robert Reich says that George Bush is doing the right thing by demanding laws that would require companies to “fully fund their pension obligations to employees,” something that corporations have opposed. Call me cranky, but I have a hard time believing that Bush would ever stand up to corporations to do something that would benefit workers and future retirees, so I’d like to see the fine print here. Surely there’s a catch, no?

For background on the pension crisis in the United States, Roger Lowenstein wrote a terrific piece for the New York Times Magazine last year describing how companies have managed to skirt accounting rules and underfund their pension obligations, which means that unless something changes, a lot of companies are going to have to welch on pension promises made decades ago.

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Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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