Is this when we nationalize their retirement plan? Who is going to bail out the US when we go bust?
I hate to be the one to break this to you but the United States has been bankrupt for a very long time. We are just printing money against debt instruments issued by the Federal Reserve (A private bank) against the United States government (thats you and me). Some day those dollars will have to be repaid. And it will be on the backs of our great grandchildren.
The situation is getting critical. Your comments are very appropriate. Imagine a guy getting $10 and hour paying for UAW pensions of $4,000 a month and full health care, maybe another $1,000 worth.
Got to leave, will answer everyone after mass.