What were these idiots doing in the intervening twenty years????
I smell another bailout coming.....
Don’t worry, the government will bail them all out.
The government will bail out everyone except for the taxpayer.
I say give Bernie Madoff a chance to redeem himself by running the GM pension fund. He’ll be much more creative than obama’s czars trying to keep a ponzi afloat with taxpayer money
Any idiot could figure that out.
“And even as its pension fund faces this giant bulge in payouts, G.M. is not putting any new money in — the company is not required to make any contributions to the fund until 2013.”
So what? We have a government who is doling out money for Social Security by borrowing it.
Let the union sympathizers get in the same shape the rest of the country is: suck it up!
Union workers screwing each other rather than a company or the taxpayers? Cry me a river... /s
....no where in the article do they mention Obama’s meddling in GM’s affairs....that’s the NY Times for you.
Wow. People expect to be paid for not working for 30 years or more. Is there no end to the increasing numbers of looters in society? When did retirement grow into something that people expect to spend half of their adult years receiving? How can any society afford it?
Answer: It can’t.
The ‘70’s should have been the writing on the wall for the “big 3” auto workers and their offspring. If they don’t get bailed out, which unfortunately I think they will, then they should start looking for real work. I don’t care what happens to them.
Ah, unions, liberals, and politicians. All math illiterate.
All greedy.
And none capable of creating anything.
What a country!
Oh let everyone who saved give their money via taxes to the poor union a$$holes who got paid an awful lot to do very little and then didn’t save a nickle.
I’m sure Osama will allow them to jettison their pension liabilities, dumping the obligations onto the taxpayers.
That’s what has happened with the bankrupt airlines and probably every other bankrupt company that had a pension. You and I are paying for it.
I must be a cheap date. I could live on half of what that character in the story is complaining about.
I told my good friend last year when he was taking the $62,500 (skilled trades) buyout and retiring, that the union/company/government would find a way to screw all the retirees by reducing benefits/pay or we the taxpayers would have to pick up the tab. The retirees collectively grow feeble and their voices become faint. They become expendable. Government/fascist/national-socialist health care anyone?
The article never gets to the root cause, this microcosm of socialism...why it doesn’t work, its false hope, the destruction it leaves in its wake.
Thanks Obama
I am so tired of the class war fare that Obama is encouraging. I really think that Obama HATES capitalists.
I don’t remember the NYT whining about ‘the workers’ when Enron failed. I also don’t remember anyone bailing them out!