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Richard Trumka: This Whole Fiscal Cliff Thing Is Manufactured

Steve276 Wrote: Nov 15, 2012 6:51 PM
And public sector unions are just as out of control. They began their march on the public with good intentions in the 70's and grew more and more out of control each decade. Now they are seeing the true benefits of their insatiable demands; bankrupt governments. It's going to get much worse over the next few years, because many of those contracts have multiple years built into them that won't expire for another year or two, or more. States, counties and cities, as well as the Federal government are going to have to cut major services in coming months and years, or significantly raise taxes, one of the two. Layoffs will be painfull but necessary at all levels, which will increase the unemployment levels by at least one, maybe two or...

During a speech today in Washington D.C., AFL-CIO President Richard Trumka called the looming debt disaster a "manufactured crisis" and said "there isn't a fiscal cliff."

"There is no fiscal cliff," Trumka says in prepared remarks to the National Mediation Board Conference in Washington on Thursday. "What we’re facing is an obstacle course within a manufactured crisis that was hastily thrown together in response to inflated rhetoric about our federal deficit."

Obama met with Trumka earlier this week, in addition to other far left leaders, to discuss economic policy. Apparently a $3500 tax increase on...