Quote:
Originally Posted by PJ
Flush it and reorganize. Why should I be taxed to subsidize a worker making double my pay (with quite a bit less education). In the long run, it is the only way GM can be viable. And the only way for our economy to be viable.
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If you are refering to chapter 11 vs a loan . . . as I understand it, a bankrupt GM would cost tax-payers much more than a few billion dollars worth of loan swill. In the end, the loans will be paid back with interest. A bankrupt GM will pass on billions of dollars worth of costs to taxpayers.