Thursday, December 31, 2009

The (new) two Americas: Public V Private Sector employees

This means something:

Nearly half, 44 percent, of government employees rate their personal finances as good or excellent. Only 33 percent of private-sector employees do.


And, it should frighten you.

About one-third of the $787 billion stimulus package passed in February 2009 was directed at state and local governments, which have been facing declining revenues and are, mostly, required to balance their budgets.
The policy aim, Democrats say, was to maintain public services and aid. The political aim, although Democrats don't say so, was to maintain public-sector jobs -- and the flow of union dues to the public employees unions that represent almost 40 percent of public-sector workers.
Those unions in turn have contributed generously to Democrats. Services Employee International Union head Andy Stern, the most frequent nongovernment visitor to the Obama White House, has boasted that his union steered $60 million to Democrats in the 2008 cycle. The total union contribution to Democrats has been estimated at $400 million.
In effect, some significant portion of the stimulus package can be regarded as taxpayer funding of the Democratic Party. Needless to say, no Republicans need apply.


Adds Nick Gillespie:

There is a looming showdown in American society between public-sector employees and the rest of us, in terms of job security and, especially, unsustainable gold-plated retirement and health benefits that are working hard to bankrupt whole states such as California, New York, and New Jersey ... Do you want to spend your life (and have your kids spend their lives) to pay ever-increasing taxes for teacher, cop, and bureaurat retirements at early ages? Especially while you're expected to fully fund your own? This is a social contract that needs to be redrawn ASAP.


If you don't understand why an ever-expanding public sector is a danger, than you prolly suck at math.