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Politics : Politics for Pros- moderated
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To: Nadine Carroll who wrote (284099)12/13/2008 6:36:44 AM
From: Bearcatbob  Read Replies (1) of 794043
 
"Yes, but what is ruinous about the UAW contracts is not so much what they pay the current workers, but that they are paying health and pension costs for 4 retirees for every current worker. They can't just go bankrupt and renege on those costs."

It is all part and parcel of the same. Think of the municipal worker contracts - they have traded current cash for early retirement options and long term security. The money is the same - it is only how it is paid that is at issue.
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