[bill1952]

>Every AFSCME or similar public worker will be made whole on their pensions,

Thats not true.
While judges do rule, they still have to follow the bankruptcy framework and they cannot order anyone to pay anything that is not already there in the current asset list.

Only secured creditors get a shot at 100% and pensions are not secured anything.
The rest would be lucky to get 10%, and typically it is much less.

[blackdog]

You mean like General Motors?

[FreedomNotSafety]

That is a good point. The UAW was made whole by the US government, presidential branch, not the bankruptcy courts.

At the state level the unions wont have, hopefully, a sugar daddy.

So I would support bankruptcy if tied to a law preventing bailouts.

Have you noticed the union pension plans are trying to become secured creditors? Why is that? I think it is because that would require some real math to calculate exactly how much money would be required to fund their benefits. The amount would be so high that taxpayers would finally revolt once and for all. Better for them to stay ambiguous and hope to dominate the political process.