Thing is, Tona, is once bankruptcy is filed...it means that the company that made you all those offers and promises does not have the money to stand by them any longer. Yeah, it's a tragic thing, but the autoworkers are not the only retirees that are facing this tragedy. I personally know many places that have been forced to close their doors and the employees have been kicked out into the street after many years of service with only a pittance of what they were promised for their retirements years. Sadly...it happens. Those that have saved money, and have their homes and bills paid off are the fortunate ones in those circumstances. Not everyone in the US that falls into your same plight gets the taxpayer to bail them out and keep them getting all the benefits promised to them by a company that went bankrupt just trying to provide golden benefit packages to their employees and retirees beyond their financial capability. So how do you presume those benefits will continue to be paid for, and by whom?? Bankruptcy court changes all rules...voids all promises...and the best thing is to realize this and move on. You sound as though you're in much better financial shape that a LOT of others that have been hit hard by this economic disaster.
Delphi workers carried their weight, earned their keep
Thing is, Tona, is once bankruptcy is filed...it means that the company that made you all those offers and promises does not have the money to stand by them any longer. Yeah, it's a tragic thing, but the autoworkers are not the only retirees that are facing this tragedy. I personally know many places that have been forced to close their doors and the employees have been kicked out into the street after many years of service with only a pittance of what they were promised for their retirements years. Sadly...it happens. Those that have saved money, and have their homes and bills paid off are the fortunate ones in those circumstances. Not everyone in the US that falls into your same plight gets the taxpayer to bail them out and keep them getting all the benefits promised to them by a company that went bankrupt just trying to provide golden benefit packages to their employees and retirees beyond their financial capability. So how do you presume those benefits will continue to be paid for, and by whom?? Bankruptcy court changes all rules...voids all promises...and the best thing is to realize this and move on. You sound as though you're in much better financial shape that a LOT of others that have been hit hard by this economic disaster.
August 11, 2009 at 3:55 a.m. permalink suggest removal