- Moderator
- #1
And this right here is the problem. Public employees unions make unrealistic demands and corrupt politicians makes promises they know can't be kept in order to get their endorsement and get elected. I saw it time and time again when I was still living in Boston. Whoever got the union backing usually one and so, of course, they were willing to give the union pretty much whatever they wanted. It didn't matter how unrealistic it may have been. By the time the shit hit the fan it would be someone else's problem.
When times were flush, politicians made overly generous promises. Public-employee unions made unrealistic demands. High-profile municipal employees, such as coaches at public universities, have drawn fire for what some consider too-rich retirement benefits, while some first responders scored rich early retirement and disability arrangements.
The pension hole for US cities and states is the size of Japan's economy