The very sobering aspect to this piece is that what we are reading here is endemic to the public employees systems everywhere.
Florida just started making teachers contribute a piddly amount yearly for the first time. My BIL’s commie wife is howling like a stuck pig. I say nothing. She is mathematically ignorant while she knows everything. Her sense of entitlement to the public breast knows no bounds. She told my wife she should complain to her employer for not getting 6 weeks paid vacation each year.
This is all going to come crashing down.
The Wisconsin strike exposed the drain on the system created through public employee pensions, particularly the teachers’ union. The battle was centered on the WEA (Wisconsin Education Assoc) Insurance program, a self-funded system, that was being abused by the unions for profits which were being collected and fed back to the Democrat politicians.
The teachers’ union in WA State was pushing for a WEA insurance program of their own, but instead the state is working on taking over the teacher insurance, themselves, a kind of single payer system for school districts, where the teachers would pay a 25% premium. I think that it’s a step toward a state Obamneycare system.
When will the teachers learn that they are on the wrong side of the Obama redistribution plan?
I maintain that the whole system is an utter shell game. Audit the Fed? Too scary -- we'd see bad things. State pensions? HA! Goldman Sachs? Recent NYT editorial reveals that they are scam artists. JP Morgan? Just the same. Sending hundreds of billions of dollars to Greece? Why? They aren't going to fix their situation -- the money just goes into someone's pocket.
I say all debts -- everywhere -- should be cancelled. Full Jubilee. Then start over with laws against fiat currency. And truly limited government. When Big Government has Big Money, it attracts nothing but looters. If government were truly starved for cash, the looters wouldn't find it nearly so attractive.