http://baselinescenario.com/2008/11/18/retirement-pension-savings-pbgc/ What happened to the global economy and what we can do about it Sat, 11 Feb 2012 08:48:43 +0000 hourly 1 http://wordpress.com/ http://baselinescenario.com/2008/11/18/retirement-pension-savings-pbgc/#comment-1538 Tue, 25 Nov 2008 10:56:47 +0000 http://baselinescenario.com/?p=1316#comment-1538 The implosion of the American banking system will have far reaching long term effects on every American rich and poor. As unemployment approaches double digit numbers in 09. The government deficit in 09 will approach 1.7 trillion not including bail out funds that should surpass 3 trillion as the government tries desperately to prop up the big banks. With out significant job growth the annual deficit will be in the trillions for the next several years.

]]> http://baselinescenario.com/2008/11/18/retirement-pension-savings-pbgc/#comment-1368 Thu, 20 Nov 2008 14:37:00 +0000 http://baselinescenario.com/?p=1316#comment-1368 [...] Posted by John Hummel on November 20, 2008 With everyone worried about the sub-prime mortgage market, the credit problems, and now the entire auto industry going down in flames, turns out – there’s more out there. Baseline Scenario brings up the issue with those government guaranteed pension plans going under. [...]

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