[Sixstrings]

Oh boy, it gets worse.. not only did GE profit $14 billion in 2010 and even got a big $3.2 billion gift from those who do pay taxes, but now after raking in all that cash GE plans more austerity for its American workforce (the ones still left after offshoring and layoffs):

$this->bbcode_second_pass_quote('', 'A')fter not paying any taxes and making huge profits, ThinkProgress has learned that General Electric is expected to ask its nearly 15,000 unionized employees in the United States to make major concessions.

This year, 14 unions representing more than 15,000 workers will negotiate a new master contract with General Electric. Among the major concessions GE has signaled that it will ask of union workers is the elimination of a defined contribution benefit pension for new employees, a move the company has already implemented for its non-union salaried employees. Likewise, GE is signaling to the union that it will ask for the elimination of current health insurance plans in favor of lower quality health saving accounts, a move the company has already implemented for non-union salaried employees as well.

In addition, General Electric may ask some workers for a wage freeze. Since the recession began in 2007, GE threatened to close plants in Schenectady, NY and Louisville, KY unless workers took wage concessions and adopted two-tier wage structure.
http://thinkprogress.org/2011/03/28/ge-union-workers-cuts/

[vision-master]

$this->bbcode_second_pass_quote('', 'G')E is signaling to the union that it will ask for the elimination of current health insurance plans in favor of lower quality health saving accounts, a move the company has already implemented for non-union salaried employees as well.

[Sixstrings]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('', 'G')E is signaling to the union that it will ask for the elimination of current health insurance plans in favor of lower quality health saving accounts, a move the company has already implemented for non-union salaried employees as well.

[ritter]

Health savings accounts (HSA) are generally coupled with a catastrophic health care plan. I'm on one and actually like it. My employer provides a catastrophic insurance policy that would cover "big" expenses and makes a contribution to my HSA. I use the $ in the HSA to pay for office visits, prescriptions, etc. It gives me the flexibility to also pay for dental or visual, provided I haven't spent all the HSA fund going to the doc for sniffles. I'm sure there are many other HSA examples, but I actually like the one my employer has offered.

[Fiddlerdave]

$this->bbcode_second_pass_quote('ritter', 'H')ealth savings accounts (HSA) are generally coupled with a catastrophic health care plan. I'm on one and actually like it. My employer provides a catastrophic insurance policy that would cover "big" expenses and makes a contribution to my HSA. I use the $ in the HSA to pay for office visits, prescriptions, etc. It gives me the flexibility to also pay for dental or visual, provided I haven't spent all the HSA fund going to the doc for sniffles. I'm sure there are many other HSA examples, but I actually like the one my employer has offered.

[Sixstrings]

$this->bbcode_second_pass_quote('Fiddlerdave', 'Y')ou will think a lot less of it when you or your family have some illness or injury worse than "sniffles".

[jdmartin]

$this->bbcode_second_pass_quote('ritter', 'H')ealth savings accounts (HSA) are generally coupled with a catastrophic health care plan. I'm on one and actually like it. My employer provides a catastrophic insurance policy that would cover "big" expenses and makes a contribution to my HSA. I use the $ in the HSA to pay for office visits, prescriptions, etc. It gives me the flexibility to also pay for dental or visual, provided I haven't spent all the HSA fund going to the doc for sniffles. I'm sure there are many other HSA examples, but I actually like the one my employer has offered.

[vision-master]

$this->bbcode_second_pass_quote('', 'I')'ve managed to accumulate enough money in my plan that a serious illness would cause me to have no out-of-pocket expenses.

[Sixstrings]

$this->bbcode_second_pass_quote('jdmartin', 'A')nyway, back to the original post. This story didn't surprise me in the least. The only thing that has surprised me is how much Obama has proven to be a corporate shill like the rest of the crookiticians.

[The_Toecutter]

If we got 50 million otherwise tax-paying Americans to refuse to pay any taxes, the government wouldn't be able to jail them all.

[Pretorian]

$this->bbcode_second_pass_quote('The_Toecutter', 'I')f we got 50 million otherwise tax-paying Americans to refuse to pay any taxes, the government wouldn't be able to jail them all.