I hope the rule of law prevails and that the bondholders - whatever pension they represent - get a real bankruptcy proceeding. They may be teachers this time, but I want the same rule of law to apply to any/all of us, and I am optimistic that the SC will recognize this.
I DO believe the auto bailouts have been skewed heavily toward the UAW for the reasons you cited.
If my optimism is misplaced and the SC does not act, then we really do have a de facto dictatorship, I am afraid.
I am on your side in this one but from everything I am seeing.......I dunno.