Pensions have a real impact on prices

Struggling industries such as airlines and automobile manufacturers continue to compensate retired employees who are no longer productive.

This effects everyone.

For example, buying a U.S.-built car costs hundreds of dollars more than a comparable foreign model due to pension fund expenses.

Ergo, every buyer of a domestic vehicle would contribute to the retirement compensation of others.

Now there is talk about a government bailout to assist these industries.

Meanwhile, my I.R.A. has dwindled and my wife's 401K is quickly becoming a 201K.

I have worked hard and saved all my life. Where is my bailout?

William Mueller

Hoffman Estates