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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (441580)12/20/2008 12:03:55 PM
From: bentway  Read Replies (1) of 1574491
 
I think what the government needs to do if it really wants to give Detroit a chance (not necessarily SAVE Detroit) is to remove the retired worker liabilities from Detroit's shoulders. Part of it could be universal health care, but the government also needs to assume the pension obligations - which they'd do anyway if Detroit fails. The pensioners should agree to reduced benefits as well.

That would put Detroit on an equal footing with the foreigners. Whether they could succeed from there would be up to them.
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