“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!
Did you forget that the government owns GM? Therefore, the government is setting a bad exampe for privately owned companies.