Ford offers retirees lump sum to buy out pensions

Ford wants to bail on it's salaried retirees. After a generation of service, Ford reneges. Meanwhile, hourly UAW members who are Obama's chosen ones, will continue to receive pension benefits backed by Ford

Stephen Henderson: Scare-mongers speak for a dwindling minority in Detroit financial crisis | Detroit Free Press | freep.com

The city of Detroit has run out of money. Either the unions have milked the city, or city fathers have raided the till. In any case the city is going broke. In comes the state ready to assign an Emergency Financial manager who has the authority to cancel union contracts and dammi …

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