Pension Reform - The government's disgrace

The Washington Post calls attention to the "Government's Disgrace" in addressing the problems facing corporate America's Defined Benefit pension plans:

Congress has an appalling record on pension legislation, which is why the pension rules are dysfunctional in the first place. Business and labor groups share a common interest in lobbying for lax funding rules, which allow them to keep promising big pensions while sticking the taxpayers with part of the cost. Nobody lobbies on behalf of the taxpayers. This is why the last round of pension legislation, a year ago, made the underfunding problem worse.

This time there was talk of doing better.

As you might guess, and as the editorial explains, all that talk of doing better was just that - talk.