[Las Vegas Ron]

....just kicking the can down the road, and not very far down the road at that.

I was thinking "band-aid" but you said it much better

[AnAmericanMother]

Maybe I just don't understand, but what's the problem with filing Chapter 11 (reorganization)?

Lots of companies successfully navigate Ch 11 and keep right on doing business.

It looks like it would be particularly advantageous here because GM would be able to shed some onerous obligations, especially bloated union programs that pay people not to work.