The Social Security and pension are a pyramid scam, previous generation of retiree, that retired (as in any scam, the early people got the most benefits), and of course when the boomers come along to get their benefits, they're screwed because the original shysters are long gone. The number of retirees that retired in such great affluence could've have only been done if there were a great number of people supporting them, is baby-boomers.
Things are going to get read interesting. The muncipals are going to short about 1 million teachers because of retirements in the just the next 10 years alone.
Ford's, GM's, Chrysler's problem is not too much excess capacity but too little sales. They have been putting out shit for 20-30 years and they expect the people to buy that crap. Just look at the overall reliabilty index in Consumer Reports for the USA built cars, and you will see that they have many black marks. This not just an anomaly but permeates throughout their products lines.