[SolidSupplySide]

Why do you say GM is going bankrupt? The article doesn't support that statement.

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Why do you say GM is going bankrupt? The article doesn't support that statement.

From the excerpt:

General Motors is going bankrupt for the same reason Social Security is going under: unfunded liabilities in the form of promised benefits to retirees

[steveyp]

I agree that GM is unlikely to go bankrupt. I think they have some $30e9 in cash on hand.

[quidnunc]

SolidSupplySide wrote: Why do you say GM is going bankrupt? The article doesn't support that statement.

From the second paragraph:

General Motors is going bankrupt for the same reason Social Security is going under: unfunded liabilities in the form of promised benefits to retirees.

[Fast1]

Here : "General Motors is going bankrupt for the same reason Social Security is going under: unfunded liabilities in the form of promised benefits to retirees"