Friable Thoughts

Friday, August 26, 2005

U.S. asbestos fund could fall short-budget office

This sober (and very obvious) conclusion from the Congressional Budget Office might put the stake through the heart of the trust fund bill. Now, it raises the possibility that the fund isn't big enough which means that some won't get paid, the federal government would have to bail it out or those that don't get paid by the fund go back to court. Not a very desirable list of options for something so darn expensive and complicated.

Now, no one really has an idea how many claims will be made on the fund or how much it will cost. But, if history is a decent guide, isn't it darn likely that the politicians have underestimated the costs?


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