Friday, October 29, 2010
We just can't stop The Christie around here. Here's New Jersey's Governor Awesome mocking the New Jersey legislature for failing to reform the absurdly bloated and catastrophically underfunded public employees pension scheme. This style might not work in most states, but it works here.
The clown brigade in Trenton will do anything and everything to avoid taking anything away from the public employee unions.
I know everyone is sick and tired of speculating about Constitutional amendments, but I really think the problem of raiding the public treasury can only be solved this way. Public employee unions have so thoroughly corrupted the political process that they look almost like the Tweed organization of old. "Pensions", at least as a public employee might recognize the concept, nearly are extinct in the private sector. So too are unions. Yet, in the public sector, unions are thriving and pour immense amounts of money into elections of all sorts to promote their interests. Corzine was a creature of New Jersey public employee unions and so too are most legislators, many of whom are union leaders or members themselves.
It's time to prohibit public employee unions and pensions. Let public employees save for retirement, just like all the rest of us, and let the market determine their wages.
I think that sort of candor would work anywhere, but maybe I am biased because about 40 years ago when I was in Jr College I wrote and article for the school paper on why Congress never gets anything important done, using similar logic, I was told it did not show the proper spirit and it did not get printed,
I find very irritating the thought that unions were set up as a countervailing power against the overweening economic clout of the owner class. Obviously the power that public employee unions are set up to countervail is us, the tax payers. We are by definition their enemy, so they subvert our ruling class by passing our money back to them, and perpetuating their tenure. Anon 11:47, I heartily concur. Time to outlaw them. They need to be forced to recognize that they are citizens like us; we are not a tax farm for them.
NYS public employee pensions are guaranteed protected against corruption, mismanagement and market downturns by the State constitution; in essence these pensions, already leaking and destined on their own to end up deep underwater, will be made whole at the expense of the taxpayer.
That ostensibly legally-protected provision is the single biggest threat to our state's solvency, and yet our likely new governor, Prince Andrew, blandly tells us the real problem is that we have too much local government.
So, in his estimation, the obvious answer is to curtail our ability to maintain local control and give evermore to the big guys.
Too bad we don't have a real honest-to-goodness (not to mention real and honest) big guy like what youse guys got in New Jersey.