Jim promised to pay Paul $5,000. Jim also promised to pay Peggy $5,000. Paul and Peggy go to Jim's office to collect their money. Unfortunately, Jim only has $5,000 total, which won't be enough. Jim is now shit out of luck.
That is, unless Jim is an underfunded union pension.
Our government, in its infinite wisdom, is now planning on bailing out the Jim's of the world, by giving our tax dollars to the underfunded pensions that promised out more money than they took in.
Many if not all of the pensions looking for a handout were set up in a way that they would never be able to meet their obligations. They simply promised too much money to retirees, and collected too little money from those who were still working. Usually when you do that, it's called "fraud" and it's illegal. When unions do it, however, they get $165 billion dollars to cover the financial hole left by their shady accounting, if the unions' congressional lapdogs get their way.
What is the point of working hard and paying taxes, if those tax dollars are simply given to crooks and liars?
Showing posts with label unions. Show all posts
Showing posts with label unions. Show all posts
Tuesday, August 17, 2010
Saturday, March 27, 2010
Why Should You Want A Government Job?
The question is, why wouldn't you want a government job?
Government jobs PAY. On the state and federal level, the government pays its employees well, to speak nothing of generous pensions and health benefits. And the best part is you almost never get fired or downsized. You may have to join a union, but it's worth it. It's easy to squeeze an institution that has no bottom line.
While private pay and economic growth is stagnating, our state employee counterparts have secure, great paying jobs, at our expense.
Now, if I had my druthers, I'd cut huge thousands of jobs from the federal government. But I know I'll have to change a few more minds before we do that. So in the meantime, could we just bring government salaries more in line with their private sector counterparts?
Our leaders bemoan the bank bailouts, but too many government employees enjoy excess on the public dime. We can't afford it, and paying for it is choking our economy when it needs the most help. Even if we could reduce the deficit just a little, we should look at it.
But for now, government jobs remain a staple of American employment. Solid pay, good benefits. We should all be so lucky.
[WSJ and USAToday]
Government jobs PAY. On the state and federal level, the government pays its employees well, to speak nothing of generous pensions and health benefits. And the best part is you almost never get fired or downsized. You may have to join a union, but it's worth it. It's easy to squeeze an institution that has no bottom line.
While private pay and economic growth is stagnating, our state employee counterparts have secure, great paying jobs, at our expense.
Now, if I had my druthers, I'd cut huge thousands of jobs from the federal government. But I know I'll have to change a few more minds before we do that. So in the meantime, could we just bring government salaries more in line with their private sector counterparts?
Our leaders bemoan the bank bailouts, but too many government employees enjoy excess on the public dime. We can't afford it, and paying for it is choking our economy when it needs the most help. Even if we could reduce the deficit just a little, we should look at it.
But for now, government jobs remain a staple of American employment. Solid pay, good benefits. We should all be so lucky.
[WSJ and USAToday]
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