[al baby]

The govt will end up carrying the weight of the ridiculous pensions.= You and me

[Seruzawa]

I figured that the brighter people here would understand that without having to explain it. Thanks for helping the others out.

[eraser2005]

Per news reports also out today, the UAW is in negotiations for the union to assume retiree health benefits, which could potentially save $1000+ per vehicle.

We'll see if it happens, but if it does, it would almost guarantee to save the companies and the taxpayers $$$, as the savings could be greater than the per vehicle losses the companies are currently seeing.

[Wally_Kalbacken]

Not necessarily - the PGBC can simply default. Right now - under current law there is no full faith and credit guarantee of the pension plans assumed by the PBGC. But you can bet it will come up in a Democratic Congress.