The Pension Benefit Guaranty Corporation was created to protect workers from failed pension plans. Then multiemployer pensions started collapsing — and Congress had to write a $91 billion check to save the agency created to prevent exactly that. #PBGC #PensionFunds #GovernmentCorporations…

Amtrak was created in 1971 on the premise that it would become profitable without a subsidy. It never did. 50 years later, Congress is still debating the same question. A look at how the fiction got built — and why it stuck. #Amtrak #GovernmentCorporations #RailPolicy #GovernmentAccountability…