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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (474478)4/23/2009 8:16:13 PM
From: bentway  Respond to of 1574616
 
That's true for a lot of retirement plans. I expect we'll be paying for a lot of them, as fallout from the Bush Depression. They're Federally guaranteed, like the FDIC.

Read all about it:

pbgc.gov



To: longnshort who wrote (474478)4/24/2009 8:19:50 AM
From: Road Walker  Read Replies (2) | Respond to of 1574616
 
I just heard the US Gov.(us the tax payers) are gonna pick up all the retirement and health care cost for the UAW, if GM goes bankrupt.

Duh.

But it's funded by about $80 something Billion, and the benefits would be reduced, so no the taxpayer would not "pick up all". You "just heard" wrong.

Still, bottom line it's much cheaper to the taxpayer to keep GM afloat.


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