The “Economy Has Changed” Exaggeration

CONservative Spin:

“The economy has changed since the days when people worked for one company all their life and retired with a company pension. IRAs give employees control over their own retirement income. People concerned about market risk can choose low-risk investments.”
Eric Lotke's picture

CAF STAFF

PROgressive Response:

By Eric Lotke
December 10th, 2007
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The economy hasn’t changed so much that corporations should cheat their employees by walking away from their obligations. Corporations need to honor the commitments they made and fund their pension plans. You never hear about corporate executives losing their pensions. Workers deserve the same protection that executives give themselves.

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