DUers please email this story to everyone you know! Light a fire!

[lonestarnot]

http://www.post-gazette.com/pg/06177/701286-28.stm There is an email link at the bottom of the article.

[kaygore]

1. Thank you. I have passed it on.

[lonestarnot]

2. Thanks kaygore!

:yourock:

[Sherman A1]

3. Same as a Newsweek Article

Several weeks ago. I really doubt if it's much of a surprise to the working folks.

[lonestarnot]

5. Oh but you may be surprised at their reaction. No one is breaking your

arm. Do you have a link to the newsweek article? I would like to get my hands on that pie chart.

[Sherman A1]

7. No link

I read it in the print edition, I think it's been 2 to 3 weeks ago. You are correct at people's reaction to the issue. If your pension is currently seemingly secure you are feelin' okay, if your pension is already gone, it's much too late, if you have no pension you are already screwed. Pensions are stuff in the future for many and rather nebulous things (until you hit your 50's and 60's) then you start doing the numbers.

[lonestarnot]

8. Pooop! Maybe someone else will have it. Thanks for your contribution!

Sherman A1! :yourock:

[bettyellen]

22. you mean only baby boomers (a HUGE hunk of the population) will care?

[napi21]

4. Most IMPORTANT info in the article!

In its latest annual report, GM wrote: "Our extensive pension and (post-employment) obligations to retirees are a competitive disadvantage for us." Early this year, GM announced it was ending pensions for 42,000 workers.


But there's a twist to the auto maker's pension situation: The pension plans for its rank-and-file U.S. workers are overstuffed with cash, containing about $9 billion more than is needed to meet their obligations for years to come.


Another of GM's pension programs, however, saddles the company with a liability of $1.4 billion. These pensions are for its executives.

[lonestarnot]

6. I thought the whole damn article rocked myself. Needs attention and

organized protest.

[napi21]

12. I didn't mean to put any part of the article down, but some readers

just don't bother to click on a link without some info to draw their interest first!

Sorry, maybe I phrased my statement wrong! I was just trying to entice more people to take the time to read it!

[lonestarnot]

15. Noooooo, I didn't take it that way! Sorry if I mislead you.

[notadmblnd]

11. do you have this link?

nt

[napi21]

13. It's in the original post. Here it is again.

http://www.post-gazette.com/pg/06177/701286-28.stm

[notadmblnd]

14. oh, duh...

thanks. Going for coffee now.

[alfredo]

20. So GM is fucking the workers to protect CEO pensions.

[prole_for_peace]

9. this is a problem at the airlines.

they are wanting the most important people in their company, the pilots, to take cuts in pay and pension benefits, but the execs make millions in both. personally, i want the person flying the plane to be the highest paid person at the airline, after the mechanics.

[lonestarnot]

10. Yes that is the piece I'm looking for, I saw it either last night or the

night before on CBS (?)

[lonestarnot]

19. While CEO's stole all the bail-out money.

[lonestarnot]

16. 65% OF THIS NATIONS WEALTH CONTROLLED BY THESE BASTARDS!

And the Chinese is owed well... I guess you already knew that!

[Kansas Wyatt]

17. Meanwhile....

Our Republican controlled and dominated U.S. Government wants more slack, give-a-ways, and welfare for the Wealthy Elite and Corporate America at the expense of Working Class Americans.

Democratic Politicians: Cut your ties to the Wealthy Elite and Corporate America, raise your tone, and stand up for Working Class Americans in a unified voice.

[lonestarnot]

18. Stop selling us out to the corporate elitists and China you FUCKERS!

[nealmhughes]

21. This has become a meme in the last week or so in the MSM.

Lots of TV interviews with airline pilots who have lost up to 60% of their pensions while the execs of the numerous federal bailouts/bankruptcies continue unabated in their greed for their "pension trusts." Now that it is hitting the upper middle class as well, the country is beginning to see a real "Bush base" (as in his infamous quote) being taken to task -- but will the Corpocratublicans do anything about it? Nah. Old people should sell their houses and eat ramen noodles and live in a trailer park in Florida, regardless of what the unions and the corporations promised them for their 30 years.

[lonestarnot]

23. We need more meme.

[lonestarnot]

24. kick