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<blockquote data-quote="Thebrownblob" data-source="post: 6026748" data-attributes="member: 60485">Our pension was set up when the government (Jimmy Carter administration) regulated an industry.. that is the only way our pension was going to survive. The government knew that and they pulled the rug out from under the union by deregulating.And I absolutely agree with you if Trump had won in 2020 it’s likely the pension would not have been bailed out. at least not the way it was. But something certainly would’ve had happened,&nbsp; by 2025 central states would have completely been broke at that point, as well as other pension plans. That many people losing that much money would’ve been and economic crisis.[URL unfurl=&quot;true&quot;]https://www.latimes.com/archives/la-xpm-1994-05-01-op-52465-story.html[/URL][URL unfurl=&quot;true&quot;]https://www.businessinsider.com/truck-driver-pay-motor-carrier-act-retail-2020-7[/URL]My opinion of government regulation is irrelevant to the fact that it was regulated, and the people that set the pension up were assured it would be a regulated industry. More government unintended consequences by meddling.</blockquote>

[QUOTE="Thebrownblob, post: 6026748, member: 60485"] Our pension was set up when the government (Jimmy Carter administration) regulated an industry.. that is the only way our pension was going to survive. The government knew that and they pulled the rug out from under the union by deregulating. And I absolutely agree with you if Trump had won in 2020 it’s likely the pension would not have been bailed out. at least not the way it was. But something certainly would’ve had happened, by 2025 central states would have completely been broke at that point, as well as other pension plans. That many people losing that much money would’ve been and economic crisis. [URL unfurl="true"]https://www.latimes.com/archives/la-xpm-1994-05-01-op-52465-story.html[/URL] [URL unfurl="true"]https://www.businessinsider.com/truck-driver-pay-motor-carrier-act-retail-2020-7[/URL] My opinion of government regulation is irrelevant to the fact that it was regulated, and the people that set the pension up were assured it would be a regulated industry. More government unintended consequences by meddling. [/QUOTE]

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