"Plunder! How Public Employee Unions Are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation"
I have a total disrespect for Congress and I am convinced that most members are only interested in their personal power and enrichment. The body politic needs to get much more informed about the stated positions and records of candidates. We all need to be independent voters who focus on electing fiscal conservatives whose records show they believe state and federal governments should be downsized.
The private sector is getting squeezed. Soon or a later Atlas will shrug.
equality of outcome" philosophy
The excessive benefit levels of public pension plans are creating a looming crisis for government budgets and state taxpayers. To make matters worse, governments have also built up large unfunded costs in their retiree health care plans, a type of benefit that is rare in the private sector. I have estimated that these state and local health obligations are underfunded by at least $1.4 trillion.
Major Cost-Cutting Needed
State and local governments across the nation face huge fiscal challenges. Spending on Medicaid is soaring, debt is rising rapidly, and many governments have massive gaps in their pension and health care funding. To solve these problems, governments need to make major budget cuts. They should privatize services, cut staffing levels, and terminate low-value programs. And with employee compensation representing half of total state and local spending, large savings could be found by freezing wages and overhauling excessive benefit packages.
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