Thursday, July 13, 2017

The Land Of Insolvency

There's enough risk to go around for everyone:
In many ways Illinois is simply the poster child for what is wrong with states. They are supposedly the providers of education, roads, parks, mass transit and public safety, among other services to their residents. But their real purpose in many instances has been to appease militant public sector labor unions.

Unions representing public workers have managed to persuade state agencies to reward them with gold-plated pension plans, and in some cases, retiree health care. These plans have been agreed to with little or no public input, or understanding by bureaucrats and lawmakers who know they will not around when the bills come due.

The most generous states are Alaska, California, Colorado and Nevada, where the average career worker pulls in more than $60,000 annually and many take in six figures. Those in the worst fiscal shape are Illinois, Kentucky, Connecticut, Alaska and Kansas.

What is most inexplicable about all of this is that progressive groups and progressive voters continue to support public sector unions even as make off with the family jewels.
Not really, since it's in the name of "redistribution..."

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