Thread: OT GM bailout
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Old November 19th, 2008, 06:19 PM posted to rec.outdoors.fishing.fly
Ken Fortenberry[_2_]
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Default OT GM bailout

wrote:
Ken Fortenberry wrote:
The idea that a society can toss these folks away like spent
machinery is untenable.


So what's the answer? For once I'd like to hear the whiny liberals
actually propose something.


OK, how about this. Single payer health care, Canadian style.
Take the burden of health care off of industry because it makes
us uncompetitive.

We're going to have the same problem across the country soon
now that the boomers are hitting retirement age. The retirement
ponzai schemes only work when there are more people at the
base of the pyramid. Not enough people working to support
those not working. Boomers weren't smart enough to save
for their retirement.


I don't know what retirement plan you're talking about but the
one with which I'm associated, SURS of Illinois, is no scheme.
And it's been working just fine since 1941 and will continue to
work fine unless Illinois adopts a new state constitution because
under the current Illinois constitution the legislature cannot
get their grubby little hands on any SURS monies.

If the GM retirement plan had been as well managed and funded
as SURS there would be no problem at all with it.

There are going to be a lot of people getting a harsh reality check
when they go to retire. I'm glad this recession came now instead
of 5-10 years from now when the boomers had already retired.


Why do you hate America so much ? ;-)

--
Ken Fortenberry