Thursday, November 8, 2012

Union Showdown?

We are heading for a showdown between public sector unions and
taxpayers. That's going to put Democrats in a very tough spot. Those
unions are the backbone of the Democratic political operation. But
their pensions are, in many places, simply not payable. Thanks in part
to the late 1990s stock market boom, and in part to really scandalously
bad accounting standards, politicians made a lot of promises they didn't
pay for. Those promises now can't be shed in bankruptcy, and all of the
possible deals--which including hiking taxes to "tax revolt" levels, or
shafting all the younger public sector workers--are bad for Democrats.
http://www.thedailybeast.com/articles/2012/11/07/is-demography-destiny.h
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This is a really interesting angle. It didn't show in Presidential
politics in Wisconsin, but it was a winner for the man to went mano v
union at the state level. Public sector unions are an abomination that
will hurt many, many people, starting with union members when they lose
pensions they were promised and planned to have. It's going to be ugly,
and it's a shame that the blameworthy - the union leaders and
politicians who made the ridiculous and unsustainable deals - won't be
there to pay for their incompetence.

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