On Nov 9, 2011, at 12:37 PM, [email protected] wrote: > John Kasich is right about one thing -- other states must look at reforming > collective bargaining for public employee unions. Here in California, Jerry > Brown is quietly pushing pension reform for public employees here in CA. He > has no choice -- the generous healthcare and defined benefit pension packages > are unsustainable. They never were. Now we have to risk defaulting on the > pensions of retired public employee or adopt a two-tiered system. (I believe > Jerry is pursuing the latter.)
Actually until the republicans were allowed to defund the pensions in the 80's and 90's via corporate accounting tricks enabled by deregulation (or in the case of places like New Jersey, simply refusing to pay what they were supposed to), all of these pension plans, private and public were perfectly sustainable. But it's not the 'Conservative Way' to avoid stripmining the wealth of the many to profit the few... -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
