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RoswellGAHokie

Joined: 01/01/2005 Posts: 14865
Likes: 15504


This article misses the real problem, which is public sector unions.


Collective bargaining should be a process where the parties have adverse interests which will lead to some degree of equilibrium.

That doesn’t happen in public sector bargaining. The entity sitting across the table is often an ally of the public sector union. The entity gives the union whatever they ask for and in return, the union funnels a portion of its union dues to the entity as a “contribution”. The taxpayers get hosed.

This is a serious problem across the nation. Obscenely rich defined benefit pension plans for government employees suck up a lot of taxpayer money. But even with all the money going into them, it’s not enough to pay the benefits, given many participants are allowed to retire in their 50s at 100% of what they were earning when actively employed. The shortfall is the unfunded pension liability which for public sector plans nationwide runs upward of $4 trillion. Benefits need to be cut to a more sustainable level but the public sector unions and their allies have sponsored legislation in some states making it illegal to do so.

So corrupt, and the taxpayers will be the ones holding the bag.
[Post edited by RoswellGAHokie at 02/03/2022 2:13PM]

(In response to this post by LaneRat)

Posted: 02/03/2022 at 1:08PM



+9

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Current Thread:
 
  
The private sector to the rescue -- LaneRat 02/03/2022 12:22PM
  Deleted** -- Upwind of uva 02/03/2022 9:02PM
  Couldn't agree more. Huge problem ** -- radhokie1 02/03/2022 2:12PM
  Have a friend who is a fireman in Long Beach, CA -- Happy Dog 02/03/2022 1:14PM

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