Quote:
Originally Posted by Relentless
They should keep 100% of what they were legally promised. If you want to change the policy regarding new hires with a new collective bargaining agreement that's great. The existing pensioners bargained for lifetime pension and gave up other things to get them. They have a legal contract from our government. When a government ignores its legal obligations you have nothing more than a banana republic.
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Other creditors had a "legal contract" too, why is pension contract any more important? What if I'm just an average worker who chose to invest his retirement funds into Detroit bonds... Detroit goes bust, I'm shit out of luck? but the worker who worked for Detroit is not? We could have been performing the same exact type of job, could have had same exact pay, etc, but the guy who happen to work for city of Detroit should get different treatment?