The House Says “Not So Fast There, Friendly Skies!”

House votes to block UAL pension default
WASHINGTON (Reuters) – The U.S. House of Representatives on Friday voted to block bankrupt United Airlines from defaulting on its pension plans and shifting them to the Pension Benefit Guaranty Corp. (PBGC)
The provision was attached to a government spending bill expected to pass the chamber later in the day. The bill would still have to pass the Senate before it could take effect

The article notes that, since the PBGC doesn’t spend ‘government-appropriated funds’, the effectiveness of this is up in the air, but at least they’re willing to put their names (30 Republicans went along) on something attempting to stop this particular form of highway robbery. We can hope they’ll find the cajones to address more current injustices.

categories Public Service Announcement | | datetime June 24, 2005 2:51 pm

One Response to “The House Says “Not So Fast There, Friendly Skies!””

  1. Mr. Bingley says:
    June 24, 2005 at 3:03 pm

    Good for them.

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