The Pension Benefit Guaranty Corporation (PBGC) pays the monthly pension payments to employees who's companys have filed bankrupcy.
This underfunded pensions causes the PBGC to reduce earned pensions by as much as 60 percent
Using stimulus money to fully fund PBGC pensions will do three {3} positive actions:
#1.JOB OPENINGS/CREATIONS:with a full pension seniors won't need to work thus creating jobs.
#2.Boost Auto sales. Seniors don't buy cars on a small fixed income. Having a full pension most seniors would buy that last car or two, with 36 million retirees this will aid the auto industry.
#3. Housing sales: allow seniors to buy that warm weather/Vacation home they normally wouldn't buy.
Remember: these pensions are taxable-putting the money back to the government.