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| Guaranteed Collisions: The PBGC and the GASB and America's Taxpayers George F. Will in The Washington Post; subscription may be required  [Opinion] May 16, 2005 Excerpt: Eyes glaze over at the mere mention of entities such as the Pension Benefit Guaranty Corp. or the Governmental Accounting Standards Board. But the PBGC's sudden prominence is symptomatic of the increasingly troubled relationship between America's welfare state and American capitalism, or those portions of capitalism that are appendages of the welfare state. And the GASB is pertinent to the parallel crisis of state and municipal welfare states. |
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