subject: Public Employee Unions Bankrupting US [print this page] Public Employee Unions Bankrupting US Public Employee Unions Bankrupting US
Public employee unions bankrupting America with their collective bargaining has led to high pay, pensions and health care benefits. It will make deflation and the Greater Depression we are in worse. On 3/9/2011, Wisconsin voted to end collective bargaining for all public employee unions. All the Democrat legislators had moved out of state to prevent a vote on reducing state costs by laying off workers. The Republican party is one vote short of passing the bill. Since the collective bargaining issue did not involve money, this vote did not need a quorum. It was approved 18 to 1. The fireworks are just getting started nationwide.
The headlines about Governor Scott Walker's fight with these unions up in Madison, Wisconsin are just the tip of the iceberg. Just as most of an iceberg is underwater and not readily seen states, counties, cities and municipalities are at the point where there is little money left to run them. And as revenue dwindles in deflation and the Greater Depression due to lower income, sales and property tax receipts the future looks bleak. First off, there shouldn't be any public employee unions. Why does our country have to value bureaucratic government workers so highly they get almost total protection from firings and layoffs and whatever pay and pension they want? Remarkably, it was Wisconsin in the 1950's where progressive liberal activists first made inroads for public employee unions. Since then, both the Democrats (most union members vote Democrat) and the Republicans have let the socialism monster of big government grow to the detriment of the free market. Socialism is a big leach sucking money from an economy.
In the private sector this policy would kill the goose that laid the golden egg as the companies would just have to file for bankruptcy. The jobs and the employees retirement plans would be history. Hardly anyone in the private sector gets defined benefit retirement plans anymore. There is a live and let live basis to free enterprise. Isn't there? Private sector unions want their company healthy and in business.
Yes, we need to take care of our firefighters and policemen and many other positions like teachers require years of college. But in states like California, there are some 50,000 that get $100,000 per year (plus cost of living adjustment) pensions.
Many retired public employees make $150,000 to $200,000 plus health care. The new affluent elite!
The city of Vallejo, California went bankrupt last year. In San Diego, 70 percent of the payroll goes to retired workers. The Little Hoover Commission, a government oversight agency, concluded, "Pension costs will crush government. Government budgets are being cut while pension costs continue to rise and squeeze other government priorities."
It's got to the point where teachers can hardly be fired for cause. It can take years and during the process the teacher gets pay and benefits but isn't allowed to teach. Unions are designed to protect all their dues payers no matter what. Many schools have a 50 percent dropout rate and in Los Angeles it's 33 percent. Many are wishing private enterprise would come in a save education before it gets any worse.
82 percent of California Highway Patrol managers get extra for disabilities. Many public employees get 3 percent of the final years pay times the number of years worked. This can add up to 90 percent of the final years pay as long as they live.
Unionization has become a monopoly feeding on taxpayers to the detriment of balanced budgets. We need to reduce the size of these pensions and the power of public employee unions bankrupting the system. End collective bargaining and improve accountability of union members and union bosses.
The deflation and Greater Depression started with the 2000 dot com stock market mania bust and will last until 2016 - 2018. At that time asset values may be down 90 percent and unemployment may get to 30 percent. Cause? To much socialism leading to too big a government which let fiat money and fractional reserve banking morph into the biggest credit inflation of all times and led by a monopoly cartel called the Federal Reserve Bank sponsored by the Anglo financial power elite banksters. Not federal, not a bank, not audited, not controlled and not known who owns the stock in it, by the way.
Deflation will absolutely de fund and grind government down in size. Pension and retirement plans investing in stocks, most bonds and real estate will be broke. But, how much freedom and liberty do we lose in the process? Credit inflations always crash with a hyperdeflation. Every time! Cash will be KING!
I am for small government. Contract it out to the lowest bidder. Start reducing the size of government and stop fighting futile foreign wars for oil now or we risk a worse depression leading to electing dictatorial leaders out of frustration. Think Hitler. Protect the Constitution for your children's sake. It's getting Obama hammered right now.
"As government expands - liberty contracts" by Ronald Reagan
by Delwyn Lounsbury - THE DEFLATION GURU
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Deflation. What is deflation? How to survive and get rich in the deflation economy and Greater Depression. Hurry! Time is running out to get prepared.
Delwyn Lounsbury - THE DEFLATION GURU is an Eagle Scout
