Wondering

U

USFREEDOM911

MAKE AMERICA GREAT AGAIN
Due to the recent General Motors Bankruptcy proceddings; I heard a discussion today, on a talk radio show, and I thought I would see what others think.

It appears that the US now is in control of around 60% of GM and they will be restructuring.
The subject of Health Care came up and the UAW workers receive their Health Care, at no cost to themselves. Plus twice as many are gettikng the free Health Care, compared to those that are still working, as part of their retirement packets.; ie: for every 1 UAW worker that is employed by GM, 2 UAW members are collecting retirement from GM.

This begs the question:
Should this be reconsidered??

By the way; GM now stands for Government Motors
 
USFREEDOM911 said:
Due to the recent General Motors Bankruptcy proceddings; I heard a discussion today, on a talk radio show, and I thought I would see what others think.

It appears that the US now is in control of around 60% of GM and they will be restructuring.
The subject of Health Care came up and the UAW workers receive their Health Care, at no cost to themselves. Plus twice as many are gettikng the free Health Care, compared to those that are still working, as part of their retirement packets.; ie: for every 1 UAW worker that is employed by GM, 2 UAW members are collecting retirement from GM.

This begs the question:
Should this be reconsidered??

By the way; GM now stands for Government Motors
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your numbers are way off. The number of retired GM workers is much higher.
 
The retirees have a valid contract with GM.

Whose contracts should we invalidate? And where does it stop?
 
Whomever said:
Or even fire the air traffic controllers?
Or call down troops to shoot strikers?
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Since the air traffic controllers were under the onus of the Government, it was justified.

How far back did you have to go, to dredge up troops shooting down strikers??

By the way, you failed to answer my question.
 
Whomever said:
Correct, that is why the finiancial institutions should have gone belly up. No more mortgage for millions of people :cheer:
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Mortgages are a financial obligation, where you pay the morgage and get a house in exchange.
Can you show me where anythng shows the same for Health Care?
 
USFREEDOM911 said:
Mortgages are a financial obligation, where you pay the morgage and get a house in exchange.
Can you show me where anythng shows the same for Health Care?
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Retirement benefits are a finiancial obligation for years of labor you get retirement benefits in exchange.
.
 
It sickens me that conservatives are here, desperate to find a way to deny elderly workers the benefits they worked decades for. Conservatives should be spat on. They are the fucking scum of the earth. If compassion is socialism, as conservatives like to say, then socialism all the way, and may capitalism rot in hell.
 
Whomever said:
Correct. So what was your point?
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What is YOUR point? Money owed a business is an asset and can be used to mitigate debts. Money OWED to others by the business ARE the debts, which, when they out weigh assets, puts the business into bankruptcy. From there, if the business can shed some of its obligations, it can recover and move on.

If it cannot, it goes bust permanently. Assets are sold off to pay as many debts as possible. Short term debts can be paid off like bank loans, other outstanding credit lines, and, sometimes, even preferred stock. Long term obligations are simply wiped off the books.

Those on pensions from a bankrupt company have the option of trying to cling to the full promise of their pensions and risk having the resulting obligation shut the company down permanently, or forgive some of the obligation in order to retain some of it.
 
Good Luck said:
What is YOUR point? Money owed a business is an asset and can be used to mitigate debts. Money OWED to others by the business ARE the debts, which, when they out weigh assets, puts the business into bankruptcy. From there, if the business can shed some of its obligations, it can recover and move on.

If it cannot, it goes bust permanently. Assets are sold off to pay as many debts as possible. Short term debts can be paid off like bank loans, other outstanding credit lines, and, sometimes, even preferred stock. Long term obligations are simply wiped off the books.

Those on pensions from a bankrupt company have the option of trying to cling to the full promise of their pensions and risk having the resulting obligation shut the company down permanently, or forgive some of the obligation in order to retain some of it.
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Thanks for helping.
I was going to wait a little longer and hope that he would see the reason behind what I was saying; but since you've put it out there, thanks again.
 
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