"D.Duck" wrote in message
...


In my mind Chapter 11 is the prudent way for them to prove themselves.
I've written my Congress folks on just where I stand. I hope other are
doing the same.


I just received an email from a local Buick/Pontiac/GMC dealership. Somehow
I ended up on their email list and they occasionally send me notices of
"special deals".

Anyway, the email was different. It was a a request from GM (via the
dealership) to contact my Congressional representatives and encourage them
to bail out the auto industry. It had form letters all written and all I
had to do was click.

I didn't.

Gotta think about this some more. But I *did* have an idea.
Why doesn't the US Federal Government file for Chapter 11 bankrupcy and
reorganize?
During the reorganization period, stop all interest payments on loans, stop
all foreign aid programs,
stop everything except National Defense. Have all the troops in Iraq head
back to the barracks and pack up.

Appoint a representative from each state .... sorta like a second Contiental
Congress .... and come up with a reorganization plan, based upon the
Constitution. Pay 10 cents on the dollar to all creditors, and start over.

Eisboch