Economicaly it's not really any different then what hit the private sector causing the current recession. Just way too much money being spent out that was "promised" as pensions. The auto industry was taking all of their profits and paying it to ex-employees that no longer add any value to their product. Same thing here and in other states.
Where I work we call it double dipping. I work with a lot of retired public sector workers that are earning a paycheck and also getting their pensions from their public service job that they retired from at the age of 40 something. So the tax payer is paying this persons pension at the cost of being able afford a replacement worker to maintain whatever service that individual performed in their public sector job. And we will continue to do so for another 30 to 40 years.
The baby boomer generation is doing their absalute best to screw the younger generations. I guess we are just here to pay for their retirement as we watch our savings and investments struggle. But at least we've got jobs. Those just entering the workforce are the one's who are going to get royally screwed as the benefits I enjoy are going to be non existant for them. And the jobs too probably.
As for the issue at hand I am against unionized public workers. It basterdizes the political process. Vote for me and I'll give you a raise and hire your children. Vote for my opponent and he'll destroy you and your family. Some call this fair. I call it buying an election.
As for the partisons here I wish folks would wise up and realize both political parties are fighting over the wealth that has already been created and thus creating an environment where it is virtually impossible to create new wealth. It's called an "old" or "mature" economy and means an end to the America we grew up in. If you want to become wealthy by working hard and saving and investing and then passing it on to your children your best bet is to move to China.
And just in case I wasn't clear above both parties suck!!!! I don't have millions to give to my favorite candidate so I will continue to be no politicians constituant!!!!
Obama is much to busy cowtowing to wall street and the business community to step in and help those who actualy got him elected. I've been saying for years I'm a conservative without a party. My little island is starting to fill up with my liberal friends!!!
But hey-At least the politicians are getting rich!
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"Government does not solve problems; it subsidizes them." Ronald Reagan
"The trouble with Socialism is that you eventually run out of other people's money." Margaret Thatcher.
"How fortunate for governments that the people they administer don't think." Adolf Hitler