In response to:

Richard Trumka: This Whole Fiscal Cliff Thing Is Manufactured

Steve276 Wrote: Nov 15, 2012 6:58 PM
Furthermore, the public pension systems are breaking governments too, because many public sector unions have won pensions for employees, at least half, many totally paid into by their government employer. That's on top of significant vacation and sick leave time, that are nearly always bought out, if still on the books, when the emplyee retires. The whole system has broken down due to demands that have been put forth by the unions, and regrettably, agreed to by government managers/negotiators, to either placate their staff, avoid strikes, or due to binding arbitration, which still grants gifts to the unions, although genereally only half as much as they want.

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...