Steve Liesman’s Fallacious Argument that Union Health Benefits don’t Compare to Bondholder Interest

In a disagreement just minutes ago on CNBC, commentator Steve Liesman argued that union members’ health benefits at General Motors shouldnt be compared to bond holders interest payments.

I vehemently disagree.

What’s the difference in specified health benefits for union members and interest payments to bond holders which may very well be necessary for the bond holder to afford health coverage?

None. Absolutely none.

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