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Oops: Only Morality Stands in the Way of Public Unions and Our Money

fortruth47 Wrote: Aug 11, 2012 8:19 AM
Maybe they should of realized they were breaking the city and reworked a more sustainable retirement that was lower then risk losing it all.
binc Wrote: Aug 11, 2012 9:21 AM
They would lose most of their votes in a city like gimme, gimme Chicago, fortruth.
Chris from Kalifornia Wrote: Aug 11, 2012 8:48 AM
I went into public employment under the same contract that I retired from it. I was assured that they had adequate reserves. It's only lately that I've had time to study these issues and learn what has happened. I'm not one of the SEIU idiots. SEIU tried several times to close down our small union and all we ever asked for was equal work for equal pay. Did you know that a buyer for the Los Angeles Power department makes about 30% more than a buyer working for the Airport department who makes about 8% more than all the rest of the city buyers? How is that fair to any of them? I'm surprised that the majority of LA city workers didn't strike to demand equal pay for equal work. And it really is equal.

If you follow the rule in life to follow the money, the money trail increasingly is leading to a union pension, a union wage or a union contract. And it’s putting America’s cities out of business.

As more municipalities begin to eye bankruptcy proceedings as a way out of their financial mess, many believe that one great advantage of bankruptcy proceedings is that it will allow the nullification of fat union wages, pensions and other benefits that taxpayers in the private sector don’t get.

But if the example of Stockton, California serves as a guide, city officials would rather screw...

Related Tags: Unions Money Morality