WTF is wrong with society? I want to know why I'm backing UAW pensions, bailout or not.
Let's get the facts straight, shall we?
It is a LOAN, not a gift.
FORD has said they have enough capital for 2 years. They also use the UAW, and don't seem to have the trouble that GM and Chrysler does.
IF GM had paid their "labor debt", and not their suppliers, we would not be having this discussion. BUT, they paid their "material suppliers", and not their "Labor debt." THIS was to focus BLAME away from management.
They have a "contract" with labor, just like they have one with their suppliers. IT was negotiated in good faith.
As for foregoing pensions, SS is not enough. Self funded pensions are needed. People are living longer, and need the income. They buden on society without it would be enormous.
Society has always helped the elders ever since the caveman gave the scraps to the old and sick. It's just human nature. It's what we do.
Perhaps Soyent Green is the answer.:smash: