No Bonus - So What?

I sit here listening to the Automakers in front of congress lay out their plan to return to profitability.  In the proposals is a clause that states that management will not get a bonus in the next year.  My question would be why is this considered a concession?  Why would anyone think they should do anything else?  Why would anyone expect to get a bonus when there company is hemorrhaging money?  If your company does not make money, you should not get a bonus.   I understand, it is not the fault of the individual, but that does not justify paying bonuses when you are on the verge of bankruptcy.   I had years of not getting bonuses because my company was losing money.  I learned to live with it.  I have also had it where my company was profitable and the bonus was up for cutting because we did not meet the target number.

So I just find it funny that it is something that anyone think should not be done.  Does anyone think that bonuses should be paid out in this situation?