Well Duh!
Public ensions rise to the top as topic in Milwaukee again
FReep Mail me if you want on or off, this WI interest ping list.
1. Politicians want to get elected and reelected.
2. Unions contribute to their campaigns and gurantee turnout.
3. Politicians negotiate sweetheart deals with the unions.
4. Politicians underfund pensions so they can buy goodies for their contituents and buy more votes.
5. Before the stinky hits the fan, the politicians have moved on and/or retired.
6. Retirees and the taxpayers get screwed.
California has the 8th largest economy in the world, and yet 80% of every dime they spend is on salaries, benefits, and pensions.
These public employee unions will eventually bring all of the States down.
Perhaps the real reason why public-sector pension costs have not been tackled is that the full bill has never been revealed to taxpayers.
http://www.economist.com/opinion/displaystory.cfm?story_id=13988606
I can understand “retiree” and “active employees”, but what the heck is an “inactive employee”?
And they are worth EVERY penny we spend on them, aren’t they?
*SPIT*