Ragnar
<--- Pic is not me
Well not so much "begun" as "still going" as if every year is a national election year. Such is life in the rapid information age. You have to take the good with the bad (truth, lies, damn lies and statistics) but in a democracy, hey, that's the point right. Click it, watch it, spin it, refute it and in the end, as always... make up your own damn mind.
Public Sector Unions vs. America
StandingwithScott.com
The good folks at Reason continue to be their usual thoughtful selves:
How Public Employees and Taxpayers Got Scammed
The politicians are the real problem.
Bad news for President Obama: The future is now!
How Public Employees and Taxpayers Got Scammed - Reason Magazine
Public Sector Unions vs. America
StandingwithScott.com
The good folks at Reason continue to be their usual thoughtful selves:
How Public Employees and Taxpayers Got Scammed
The politicians are the real problem.
(more at link)...
Most businesses long ago abandoned defined-benefit plans because they were unaffordable. The public sector has stayed with them, thoughapparently to prove those private companies right. State and local governments, according to pension expert Joshua Rauh of Northwestern University, have promised $3 trillion more in benefits than they have set aside to pay for them.
Why? Because there are powerful incentives for both legislators and union leaders to do that. Politicians (particularly, though not exclusively, Democratic ones) want to ingratiate themselves with unions, whose members can be a huge help on Election Day. Union leaders want to keep their members happy and return their favored elected officials to office.
The problem, of course, is that such generosity costs a lot of money, which taxpayers may resist paying. That's where the back-loading of compensation comes in.
Promising government workers excellent retirement plans, off in the future, gratifies union members without outraging the taxpayers. The burden is postponed until some future date, which makes the process painlessuntil the future arrives.
...
Bad news for President Obama: The future is now!
How Public Employees and Taxpayers Got Scammed - Reason Magazine
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