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Reply #10: Even if we provide the proposed money, there's still the pension fund to consider [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Mike 03

(1000+ posts) Send PM | Profile | Ignore

Wed Nov-12-08 05:03 PM
Response to Original message

10. Even if we provide the proposed money, there's still the pension fund to consider

The automotive corporation pension funds have been decimated. As to the health insurance programs, I don't even know who is supposed to pick up the tab.

This is getting ridiculous.

Why not declare Chapter 11 and begin to restructure and work down the incredible debt? Even if we provide help now, it won't do anything to ameliorate the real problem, which is the gargantuan debt they've accrued.

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