With Democrats in Washington taking control of banks, our auto industry and our health care system, they now are investigating ways to take on another financial obligation we simply cannot afford- - covering unfunded pension programs. As I mentioned a few weeks ago, when tidbits of a Value Added Tax were being floated, our antennas should have been raised. If we take on pension supplementation, I fear a VAT and increased income taxes will be sure to follow.
You may remember at one time military retirees received 100 percent of their pay in retirement; however, the government scaled that back dramatically to save money. The military has no union and those who served our nation with great distinction for 20 years simply had to accept the change. That is what today's public employees must accept as well.
With public sector employees earning as much as $5 more per hour in benefits than their private sector counterparts, it only seems fair that they and their unions do their part during these turbulent times. We simply cannot afford the alternative.