[BJClinton]

Woohoo! More unfunded mandates!

[goodnesswins]

THEY’RE EVERYWHERE! Look under the covers of your bed....BOO...Unfunded pensions needing your $$$$

[Red Badger]

401(K) PLANS ARE doomed.........................>8^\

[Tijeras_Slim]

A Ticking Time Bomb for Taxpayers?

What the hell isn't?

[Brett66]

A ticking time bomb? It’s already blown GM up and it’s going to do it all over again until GM solves it’s union problem and the government refuses to bail them out.

[E. Pluribus Unum]

We mustn't let the UAW retirees down.

Their $100,000 salaries are not enough.

The taxpayers OWE them.

[Leisler]

Non union workers must be taxed to support higher paid, shorter hours, union workers and their better pensions.

Jeeshe, doesn’t anyone understand ?

[rawhide]

What happens to GM and Chrysler pensioners if the PBGC takes over the funds? The retirees could face dramatic cuts. The PBGC promises a certain level of benefits, but $35 billion of the two automakers' promised pension benefits fall beyond the PBGC guarantees. In 2010, a single 65-year old retiree is guaranteed a maximum of $54,000 per year under the PBGC guidelines, and many GM retirees have earned benefits in excess of the PBGC limits. Last summer, the PBGC did take over the salaried pension plans belonging to GM's former subsidiary, Delphi Corp. Most of Delphi's 20,000 salaried pensioners, many of whom started out working at GM, saw their pensions cut. Thus, a termination of GM's or Chrysler's pension plans could likely result in pain for both pensioners and taxpayers

$54,000/yr retirement? I could easily live comfortably on that! But look to obamma to give them all they are eligible for!

[GeronL]

I just do not think taxpayers should be on the hook for this

[traditional1]

OBAMA Motors is just a front group for payoffs to the Unions that funded his election.

REAL Americans are NOT buying GM or Chrysler, but we STILL get stuck with the bills through TAXES funneled to them.