speaking of pensions

[Danzig]

i just feel that the whole case will end up opening a huge can of worms. if pensions are guaranteed, how can they be put up for discussion? why aren't they considered as part of a debt that can be up for negotiation? how 'guaranteed' is it? and why is it off limits, while other creditors are left holding the bag?
this issue has been coming for years with interest rates free falling, and is a perfect illustration of what happens when those in charge do nothing when they know a problem is coming down the pike. they probably thought it would just need a minor 'tweak'.