Wednesday, August 18, 2010

Huge Battle Looms Over Public Pensions - Who Will (Who Should) Foot the Bill?

Huge Battle Looms Over Public Pensions - Who Will (Who Should) Foot the Bill?
Exerpt:
"Not only are public union workers overpaid relative to the private sector, the union members have the gall to bitch about it. Prison guards and bus drivers with no more than high school educations are walking away in some instances with pensions approaching $100,000. With police and firefighters in major cities, $100,000 or close to it is norm. By the way, education is in and of itself a meaningless argument. Jobs are worth what the free market says they are worth, not what someone with a useless degree in sociology, history, or English thinks they should be worth. The problem is public unions have nothing to do with a free market."
----CUT----
Economic Blogger Mish Shedlock, has consistently been one of the few people that "Get It."
I have proposed that one possible solution is limiting Retirement Benefit periods to no more than 10 years. Retirement is NOT the responsibility of the Tax Payer, it is the responsibility of the individual. And it's high time America's Public Sector workers gets weaned from the Teat the Tax Paying Public. And it's high time that the Public Sector unions be dissolved.
The biggest question looming in our faces is, Is it too late?
America, the floor is open, start talking.

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