Public Unions.. Public Enemy # 1 ?

Discussion in 'Politics' started by Lumpy 1, Feb 19, 2010.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    During Republican Governor Chris Christie's inauguration speech in New Jersey, he dropped some interesting news in regards to Public Unions. The question I'm considering is whether or not the American people can afford such liberal benefits to State and Federal employees, as I'm guessing these kind of benefit packages are country wide?

    Also.. now with Obama and the Democratic Party so bent on ballooning government control over the people and expanding the size of government, you have to wonder, how can the people pay for it?....:eek:

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    One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits -- a total of $3.8m on a $120,000 investment. Is that fair?

    A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime. Is it “fair” for all of us and our children to have to pay for this excess?

    Mish's Global Economic Trend Analysis: Governor Christie Declares "New Jersey on Edge of Bankruptcy"
     
  2. ItHappens
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    ItHappens BANNED

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    No.
    Is it any surprise the industries (including Government) that use predominantly or a large number of union employees are the one's in the most trouble.
     
  3. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Nope.. not a surprise..

    Is it any wonder... Unions vote Democrat?...:wtf:
     
  4. MIPS
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    MIPS Active Member

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    Not a surprise at all since many unions have become destructive to both their members and their members employers, primarily due to the politician like greed of their union leadership. Unfortunately unions are not only hastening their own obsolescence they are running the risk of incurring a popular backlash upon themselves the likes of which has never been seen in the United States.
     
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    Last edited: Feb 19, 2010
  5. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Seems like legal extortion provided by the Democratic Party to me.... Saved jobs right..saved votes, would be more like it..
     
    Last edited: Feb 19, 2010
  6. MIPS
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    MIPS Active Member

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    It's a bit of stretch to blame the Democratic Party for the incompetence and corruption rampant in many American Labor Unions today, the Democratic Party has many sins to account for however corrupting the originally benign role of unions isn't in my opinion one of them, the union leaders did that all on their own.
     
  7. SwingVoter
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    SwingVoter VIP Member

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    these government unions need to broken up, workers we pay with our tax dollars are supposed to serve the public, not themselves

    this is not financially sustainable in any event, regardless of who lobbies whom
     
  8. chanel
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    chanel Silver Member

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    NJ's pension problems are the result of years of "stealing from the cookie jar" by politicians who have used it as a slush fund. Public employees sacrificed wages in favor of better benefits. Now that they are running out of money, its easy to blame the people who have bargained for that security. Teachers receive x/ 60 years in pension pay. Retiring after 30 years at 50K is 25K before taxes. But it sounds so much sleazier at 3.3 million dollars.
     
  9. SwingVoter
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    not sure about that, because same thing's happening here in Virginia, teachers get 80% of their salary and can retire at 55, and their base pay has gone up faster than inflation

    taxpayers are being completely scammed
     
  10. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    There's a lot of back scratching going on there... that can't be denied.
     

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