{"id":675,"date":"2012-11-30T23:33:41","date_gmt":"2012-12-01T06:33:41","guid":{"rendered":"http:\/\/blog.desertscope.com\/wp\/?p=675"},"modified":"2013-01-23T22:44:27","modified_gmt":"2013-01-24T05:44:27","slug":"an-ignored-study","status":"publish","type":"post","link":"https:\/\/blog.desertscope.com\/wp\/?p=675","title":{"rendered":"An Ignored Study"},"content":{"rendered":"<p>Today, I saw a article on a report of research into the &#8220;Fix the Debt&#8221; campaign with the ponderous title <a href=\"http:\/\/www.ips-dc.org\/reports\/pension-deficit-disorder\">A Pension Deficit Disorder: The Massive CEO Retirement Funds and Underfunded Worker Pensions at Firms Pushing Social Security Cuts<\/a>. It had some interesting (but, unfortunately, by no means surprising) findings:<\/p>\n<ol>\n<li>The 71 Fix the Debt CEOs who lead publicly held companies have amassed an average of $9 million in their company retirement funds. A dozen have more than $20 million in their accounts. If each of them converted their assets to an annuity when they turned 65, they would receive a monthly check for at least $110,000 for life.<\/li>\n<li>The Fix the Debt CEO with the largest pension fund is Honeywell\u2019s David Cote, a long-time advocate of Social Security cuts. His $78 million nest egg is enough to provide a $428,000 check every month after he turns 65.<\/li>\n<li>Forty-one of the 71 companies offer employee pension funds. Of these, only two have sufficient assets in their funds to meet expected obligations. The rest have combined deficits of $103 billion, or about $2.5 billion on average. General Electric has the largest deficit in its worker pension fund, with $22 billion.<\/li>\n<\/ol>\n<p>Those are some interesting key findings. Of course, this sort of commie &#8220;research,&#8221; based only on &#8220;facts&#8221; is not worth printing. Instead, let us focus on shallow analysis by constantly wrong ignorant talking heads and the dysfunctional relationships of inexplicably well-known idiots&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, I saw a article on a report of research into the &#8220;Fix the Debt&#8221; campaign with the ponderous title A Pension Deficit Disorder: The Massive CEO Retirement Funds and Underfunded Worker Pensions at Firms Pushing Social Security Cuts. It had some interesting (but, unfortunately, by no means surprising) findings: The 71 Fix the Debt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-675","post","type-post","status-publish","format-standard","hentry","category-economics","post-preview"],"_links":{"self":[{"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=675"}],"version-history":[{"count":5,"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/675\/revisions"}],"predecessor-version":[{"id":773,"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/675\/revisions\/773"}],"wp:attachment":[{"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.desertscope.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}