Reply #132: Pension funds are deferred wages.

[JDPriestly]

That is why the UAW pension funds were given the money. The people earned their pensions. Unfortunately, ERISA law permits a lot of employers to renege on pension funds that contain deferred wages. That is what is wrong. UAW members have taken not just cuts in pay but also cuts in those deferred wages -- in terms of lower benefits for those on pensions.

I have never heard of money being given to the teachers' unions. Money is paid to teachers for their salaries. I haven't heard that teachers have had the kinds of raises that have been given to the folks in the big Wall Street vulture companies.

You've got your facts wrong. Teachers work for every cent they get paid as do and did the UAW rank and file. The leaches in banking and Wall Street are what are doing this country in, not the UAW workers or the teachers.

My mother was born before women had the right to vote and remains sharp as a tack to this day. (She never drank, smoke or ate a lot of fat and has stayed pretty healthy into her nineties.) She will tell you that when the rich get too large a portion of the wealth, the economy goes bust. Happens every time. You can check the numbers and charts yourself.