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This is an item about why your local fireman or teacher has such a nice retirement package, why you probably don’t, and the way conservatives are using that contrast to advance their broader economic agenda.Friday’s New York Times had a column about the “coming class war,” focusing on the fact that retirement packages for public employees seem to be a lot more generous than the ones for private employees. This is not a new discussion. Experts and think-tanks have been churning out research on the topic for years. But, thanks in part to the recession, the pension gap has become a major political controversy.
Conservatives say that excessive public employee pensions exemplify the greed of unions (which sought these generous benefits for public employees) and inefficiency of government (which agreed to pay them). If local and state governments are struggling financially, these conservatives say, they should figure out some way to reduce or revoke those promised benefits, rather than come to Washington and beg for help from the taxpayers.
The Senate Republican Policy Committee sums up the right’s mantra succinctly: “No state bailouts should be contemplated until the wages and pensions of public sector employees are brought into line.” Translation: You shouldn't have to give up another cent of your taxes until government stops paying its bureaucrats so damn much... http://www.tnr.com/blog/jonathan-cohn/76884/why-your-fireman-has-better-pension-you
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Bus Econ 2010, Business Econ Unions, Education Teachers, Firefighters, Bus Econ pensions
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