Now we're supposed to bail pensions of people who worked for private companies? I don't think so Mr President...no way! Will Taxpayers Be On The Hook For American Airlines' Pensions? "American Airlines filed for bankruptcy in November. The company needs $18.5 billion to cover its pension promises to current and former employees, but it has only set aside $8.3 billion. Taxpayers could wind up on the hook for billions. Here's why" Will Taxpayers Be On The Hook For American Airlines' Pensions? : Planet Money : NPR Can I get my 401K bailed out if it tanks? The kicker is that we have a national pension insurance program that's supposed to cover these issues, but the fund is running out of money. So instead of charging a higher fee to businesses, they think taxpayers will cover the shortfall. Since it was the airline employee unions that negotiated this contract, the unions should pay for it! Again...I don't think so Mr President!