Jun 23, 2014
City of Detroit retirees, who already lost retiree healthcare, are now asked to vote on cutting their own pensions. They have until July 11 to vote no or yes.
The state calls it the Grand Bargain. A city retiree, describing herself as “at the breaking point,” said in a letter in the Free Press: “Grand for whom?”
Another city retiree wrote in: “I opposed the so-called grand bargain. Every dollar stolen from us will not be given to the people of Detroit, but merely help the greedy banks cut their losses. They expect us to bail them out with our modest pensions. This deal should be called grand larceny.”
Still another wrote: “We should remember that this offer was made by a person who was hired by a governor. What is there to make a person think that accepting this offer would be the end of things?”
It won’t be! Auto workers know from bitter experience that when you give in to an extortionist, he’ll be back for more!