[Jamo]

Wes...I wasn't suggesting that taxpayers only partially fund the PBGC and that the majority comes from fees paid by involuntarily participating employers as well as through the withdrawal payments...I was telling you. That's how it works. Employers have to pay an amount to get out of their defined benefit plan...a current amount which, when amortized, fully funds the future obligations. This is the withdrawal liability brought on by the MPPAA. They don't get to just walk away. In the rare instances when a company goes under, the pension obligations are right behind taxes and wages in BK priority. That's what the emergency PBGC fund is for if no money is left.