Yesterday, United Air Lines was allowed to dump it’s pension plan on the federal government. That’s bad news for pretty much everybody except UAL’s accountants and execs: employees and pensioners are going to get considerably smaller payments than they’d been promised, and everybody who pays taxes gets to pick up the tab. A number of other airlines, including Delta and US Air, are considering doing the same thing, and you have to think beleaguerd Ford and General Motors bean-counters are also looking enviously at the massive chunk of accounts payable UAL just scratched off its balance sheet.

I don