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The People vs. Unions: Cash, Credit and Corruption

gmallast Wrote: Nov 20, 2012 8:01 AM
One thing that usually gets lost in the debate over public union benefit packages for both current "workers" and retirees is that, while, as a general rule, private pension plans, 401Ks, etc. are financed out of the returns on productive investments, most public plans are financed out of current revenue. Up here in Macomb County Michigan, a few year ago with multiple home foreclosures on every block, the County Board increased property taxes to keep up funding for the luxury retirement plans of county bigwigs. Hey, you must be willing to sacrifice for the common good. Why should some big shot have to give up retiring at 55 on a pension income far greater than you make working just so you can selfishly keep your home or business?
A_Nobody Wrote: Nov 20, 2012 8:56 AM
They also kept up the social programs and expanded spending just like ALL politicians do. Politicians cannot cut spending. They're don't want to offend voters because they'll lose their careers, so they raise taxes to offset the loses they've created.
barbPatton Wrote: Nov 20, 2012 8:47 AM
The workers with corrupt unions have the power to bring down any country. Look at Greece. Enough said.

While it’s a truism that for every finger you point at someone else you’ve got three pointed right back at you, for liberals it’s part of their laws of physics.

It would be impossible for the laws of liberals to govern without this binding hypocrisy that keeps them in orbit.  

That’s why it shouldn’t surprise you that for all the leftist rhetoric about corporations and greed contributing the decline of the country, there’s one corporate outfit that’s really screwing up this country- and it’s a creation and a creature of the left.

Like most Big Left organizations it is...

Related Tags: Corruption