Is This Stat True?

[ChrisNJ]

If this is true (100K employees, 1M retirees), I rough calc. employees cost 6.5B assuming 65K/yr salary, and retiries cost 10B assuming just 10K/year health benefits. Of course these numbers could skew either way depending on my assumptions, but they are staggering numbers just the same.

So GM is a retirement company, not a car company. And the UAW is an AARP. Anyone want to take a wager that the goverment ends up owning gm to keep and grow this socialistic expansion.

[jrrod2004]

If this is true (100K employees, 1M retirees), I rough calc. employees cost 6.5B assuming 65K/yr salary, and retiries cost 10B assuming just 10K/year health benefits. Of course these numbers could skew either way depending on my assumptions, but they are staggering numbers just the same.

So GM is a retirement company, not a car company. And the UAW is an AARP. Anyone want to take a wager that the goverment ends up owning gm to keep and grow this socialistic expansion.

 

and it took you how long to figure this out?

 

yeah I dont see the govt owning GM, i see loans and strict management but no actual ownership

[Wingnut]

The government is more apt to take over the UAW's retirement than own an automaker.

[jrrod2004]

The government is more apt to take over the UAW's retirement than own an automaker.

 

 

I was thinking the same thing...

[GARB55]

The government is more apt to take over the UAW's retirement than own an automaker.

 

 

I was thinking the same thing...

 

 

I also think the Govt will take over the UAW retirement! Will See..

[ChrisNJ]

I don't get it. How could the government just say "well pay for your UAW retiree problem, no problem, you owe us nothing" I don't see it. There going to want to own and then build their greeny cars that no one will buy. Then there will be another law that makes us own them. ha, ha... doom and gloom I know, but I put zero faith in liberals who truly believe in their hearts that their socialistic ways will solve all problems.

[Wingnut]

I don't get it. How could the government just say "well pay for your UAW retiree problem, no problem, you owe us nothing" I don't see it. There going to want to own and then build their greeny cars that no one will buy. Then there will be another law that makes us own them. ha, ha... doom and gloom I know, but I put zero faith in liberals who truly believe in their hearts that their socialistic ways will solve all problems.

 

They did it with the airlines a few years ago.

[pennzoil29]

We are all owned, in one way or another.

[fbachman]

If this is true (100K employees, 1M retirees), I rough calc. employees cost 6.5B assuming 65K/yr salary, and retiries cost 10B assuming just 10K/year health benefits. Of course these numbers could skew either way depending on my assumptions, but they are staggering numbers just the same.

So GM is a retirement company, not a car company. And the UAW is an AARP. Anyone want to take a wager that the goverment ends up owning gm to keep and grow this socialistic expansion.

 

that pretty much nails it on the head, as they say (very eloquently)....

 

That's why GM's cost structure is NOT competitive with asian transplants.....

[fbachman]

The government is more apt to take over the UAW's retirement than own an automaker.

 

yeah.... and they'd be a successful with either one as they were with FannieMae, FreddieMac, Medicaid, WIC, Medicare, Social Security, No Child Left Behind, etc.,etc.,

 

VERY comforting either way....

[VMax2007]

We are all owned, in one way or another.

 

Some more than others.

[geektoad]

I don't get it. How could the government just say "well pay for your UAW retiree problem, no problem, you owe us nothing" I don't see it. There going to want to own and then build their greeny cars that no one will buy. Then there will be another law that makes us own them. ha, ha... doom and gloom I know, but I put zero faith in liberals who truly believe in their hearts that their socialistic ways will solve all problems.

 

They did it with the airlines a few years ago.

 

 

Interesting...

[SLESierra]

I have to ask - What does No Child Left Behind have to do with Fannie Mae & Mac? It was a program that set standards for education and involved no money just qualification of schools and teachers?

[dlstewart01]

I have to ask - What does No Child Left Behind have to do with Fannie Mae & Mac? It was a program that set standards for education and involved no money just qualification of schools and teachers?

 

 

According to the office of management and budgets, no child left behind increased the state and local governments annual paper work burden by 6,680,334 hours at an est. cost of $141 million dollars.

 

Don

[txab]

We're all farked!