Covering The Assault On Working People

[Donnachaidh]

http://www.smirkingchimp.com/thread/russ-baker/33901/covering-the-assault-on-working-people

A common theme runs through a variety of news stories: there isn’t enough money around, and so working people must take a hit. But is that really the only solution? First, let’s look at the stories. There’s growing talk of letting state governments declare bankruptcy so they can get out of paying pension benefits to retired state workers. As The New York Times put it:

Policymakers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.

The article does not really get into why this is all happening, and the only real defense of not going this route is from—surprise, surprise, a union leader, making it sound like this defense is of only parochial interest:

Still, discussions about something as far-reaching as bankruptcy could give governors and others more leverage in bargaining with unionized public workers.



More at the link --

[Newest Reality]

1. SOTU ... fade to black ...

Scene: States battle with their own people to see who is going to "win the future". The situation escalates into a melee of heated competition while the stock market inflates like a thick, green snot bubble on the snout of a rabid badger. Cut to a wide-angle shot of phantom bullet trains crisscrossing a map of America. They fade in and out.

Masters: : "Our will be done, on Wall Street as it is in the Holy Board Room. Amen!"

[tk2kewl]

2. so long as i can declare bankrupcy and not have to pay property or income taxes

:mad: