Every month 457,000 retirees and their spouses count on GM pension checks. More than 1.2 million Americans receive health care benefits from GM. (http://www.theunionleader.com/articles_showa.html?article=56035)

That is just insane!!

I never would have expected it to be that much!

So, in other words, the very folks that contributed to making GM great & prosperous, are the very folks, when combined, in masse, are the reason GM is being brought down, and cannot compete profit-wise with the foreign cars ! Shame!

Answer: When GM goes bankrupt, they will receive nothing, granted? Okay, common sence takes over. They all get a 40% reduction, beginning August 1st 2005. Save the hand that feeds 'ya, or kill it? No choice, as I see it!