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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: