Indiana Dems go AWOL

If the future is bright and expanding then it is ok to borrow some value against it but the temptation to borrow too much is great.
It's hard to smoke just a little crack.
Ask West Wing creator Aaron Sorenson.
 
If the future is bright and expanding then it is ok to borrow some value against it but the temptation to borrow too much is great.
It's hard to smoke just a little crack.
Ask West Wing creator Aaron Sorenson.

LOL

What is scary is how Kenye's despised the notion savings as almost mindless religious dogma. In fact, he referred to it as a "secular religion". As a society, we have long moved away from the notion of saving anything significantly to grow wealth in many aspects. That shift in mindset has, in many ways, lead to the bad habits which got us here today.

Also, he wanted interest rates reduced to zero and for government to "top off" investment. Of course, this gives politicians what they want to hear for a more proactive government in the economy, but the result has been a never ending boom and bust cycle with the boom being exploited for an even bigger boom and the bust always being misdiagnosed leading to new laws that simply set up the next bust.
 
LOL

What is scary is how Kenye's despised the notion savings as almost mindless religious dogma. In fact, he referred to it as a "secular religion". As a society, we have long moved away from the notion of saving anything significantly to grow wealth in many aspects. That shift in mindset has, in many ways, lead to the bad habits which got us here today.

Also, he wanted interest rates reduced to zero and for government to "top off" investment. Of course, this gives politicians what they want to hear for a more proactive government in the economy, but the result has been a never ending boom and bust cycle with the boom being exploited for an even bigger boom and the bust always being misdiagnosed leading to new laws that simply set up the next bust.

His ideas may have been fine for their time when the US was moneybags but things have changed 50 years later now that we have frittered away significant wealth and replaced it with borrowing.
 
His ideas may have been fine for their time when the US was moneybags but things have changed 50 years later now that we have frittered away significant wealth and replaced it with borrowing.

It is BECAUSE of his ideas (at least economically) that we have "frittered away significant wealth and replaced it with borrowing".

MOST universities (at least in America) STILL teach Keynesian economics primarily, if not exclusively (though that is changing very slowly in many areas). Keynesian economics was thoroughly discredited with the stagflation of the 1970's but his ideas have gained new traction in Washington in recent years for the same reason they were so broadly accepted in the first place. He redefined economic thought in the first half of the 20th Century not so much because of the soundness of his ideas but because those ideas appealed to the egos of, and enabled the people in power.
 
It is BECAUSE of his ideas (at least economically) that we have "frittered away significant wealth and replaced it with borrowing".

MOST universities (at least in America) STILL teach Keynesian economics primarily, if not exclusively (though that is changing very slowly in many areas). Keynesian economics was thoroughly discredited with the stagflation of the 1970's but his ideas have gained new traction in Washington in recent years for the same reason they were so broadly accepted in the first place. He redefined economic thought in the first half of the 20th Century not so much because of the soundness of his ideas but because those ideas appealed to the ego's of, and enabled people in power.

It was working ok until the 73 Arab oil embargo changed everything.
The price of a barrel of oil was 2.00 in 73 and doubled to 4.00 then to 8-10 after the 79 Iranian revolution.
These price shocks shook the american economy and sucked a tremendous amount of money out of the economy.
Keynes did not factor in the shocks of energy costs in his studiousness.
 
It was working ok until the 73 Arab oil embargo changed everything.
The price of a barrel of oil was 2.00 in 73 and doubled to 4.00 then to 8-10 after the 79 Iranian revolution.
These price shocks shook the American economy and sucked a tremendous amount of money out of the economy.
Keynes did not factor in the shocks of energy costs in his studiousness.

Keynesian policy had never been (and cannot be) truly enacted as he laid out because it is not politically and socially feasible (which, in and of itself, discredits it).

All we got were exceedingly flawed, short sighted and corrupted attempts to enact it.

The reason stagflation proved it wrong was because it discredited Keynes's underlying assumptions of how the economy works and how it responses to certain stimulation; effectively showing the entire school of thought to be "built on sand" as some might say.

Keynes assumed that inflation could not occur without all potential employees first being utilized in an economy. He referred to this unemployment as the "output gap" between "actual" and "potential" GDP. There could be no inflation while there was an "output gap".

Of course the rise of stagflation completely disproved that notion.

But Obama is still applying those ideas today...
 
Six-Figure Bus Drivers & Other Working-Class Heroes

Ann Coulter

http://www.humanevents.com/article.php?id=42215

Can we stop acting as if people who work for the government are the heroes of working people?
Fine, we understand that Wisconsin public sector employees like the system that pays them an average of $76,500 per year, with splendiferous benefits, and are fighting like wildcats against any proposed reforms to that system. But it's madness to keep treating people who are promoting their own self-interest as if they are James Meredith walking into the University of Mississippi.
This isn't how we usually view people fighting for their own economic interests.
When Wall Street opposes financial reforms or a tobacco company opposes new cigarette taxes, no one hails them as "working men and women" who "deserve a decent pay and decent retirement." We're not told Wall Street has a "fundamental right" not to be regulated, or tobacco companies promoting their own interests are just trying to "help working people and middle-class people retain a good job in America." People on the other side of the issue aren't said to be "just trying to kick the other guy in the shin and exterminate him."
And yet all that was said by the Democratic governor of Illinois, Pat Quinn, on MSNBC's "Hardball" last week, about government workers fighting to preserve their own Alex Rodriguez-like employment contracts.
Yes, we understand that public sector employees got themselves terrific overtime, holiday, pension and health care deals through buying politicians with their votes and campaign money. But now, responsible elected officials in Wisconsin are trying to balance the budget. MSNBC is covering the fight in Wisconsin as if it's the 9/11 attack -- and the Republicans are al-Qaida. Its entire prime-time schedule is dedicated to portraying self- interested government employees as if they're Marines taking on the Taliban. The network's Ed Schultz bellows that it is "morally wrong" to oppose the demands of government employees.
Yes, and I guess pornographers are noble when they launch a full-scale offensive against obscenity laws.
Public sector workers are pursuing their own narrow financial interests to the detriment of everyone else in their states. That's fine, but can we stop pretending it's virtuous? Because of the insane union contracts in Wisconsin, one Madison bus driver, John E. Nelson, was able to make $159,000 in 2009 -- about $100,000 of which in overtime pay. Jackie Gleason didn't make that much playing bus driver Ralph Kramden on "The Honeymooners." Seven bus drivers took home more than $100,000 that year.
When asked about the outrageous overtime pay for bus drivers -- totaling $1.94 million in 2009 alone -- Transit and Parking Commission Chairman Gary Poulson said: "That's the contract."
It's ludicrous to suggest that these union contracts were fairly bargained. Only one side was at the negotiating table. Ordinary people with jobs were not at the meetings where public sector compensation was discussed.
Union hacks play on our heartstrings, weeping about the valuable work government employees do: These are the people who educate our children, run into burning buildings and take dangerous criminals off our streets!
Politicians who do not immediately acquiesce to insane union demands are invariably accused of hating teachers, nurses or cops. In California, this has been standard operating procedure for decades. The voters never seem to catch on.
In 1972, E. Richard Barnes lost his re-election campaign to the California state Assembly after being accused by cops and firefighters of coddling criminals.
In fact, Barnes, a conservative Republican, had one of the toughest records on crime. But he had voted against fringe benefits and better pension benefits for public employees.
Years later, in 2005, Don Perata, Democratic state senator from Oakland, suggested that the legislature reconsider the requirement that 40 percent of the entire state budget be spent on public schools. The teachers' unions instantly plastered his district with fliers calling him anti-education. Perata is a far-left Democrat, who had himself been a teacher for 15 years before entering politics.
Fine, we like teachers, firemen and police officers. We appreciate them. (And for the record, it is statistically more dangerous to be a farmer, fisherman, steelworker or pilot than a cop or fireman. Soldiers also have pretty dangerous jobs, and they don't get to strike.)
Does that mean we should pay them $1 million dollars a year? How about $10 million? After all, these are the people who educate our kids, run into burning buildings and take dangerous criminals off our streets!
Assuming the answer is no, then apparently we're allowed to discuss government workers' compensation -- even though they do important work. As George Bernard Shaw concluded his famous quip (often attributed to Winston Churchill), "Now, we're just negotiating over the price."
Why do public sector employees have absurd overtime rules? Why don't they pay for their own health insurance? Why do they get to retire at age 45 with a guaranteed pension of 65 percent of their last year's pay -- as state police in New Jersey do?
This is asymmetrical warfare. Seven percent of the population cares intensely about public sector union contracts -- and nothing else. The remaining 93 percent of voters can't be bothered to care.
Meanwhile, state after state spirals into bankruptcy.

_______________________________________________________________

Well the public service unions in Wisconsin have been put in their place in an epic defeat and vow to somehow organize and defeat the courageous Governor.
This victory for the taxpayers will embolden other states to take similar measures.
As a result nobody in the public union is being layed off.
In a real battle one has to expect some casualties.
Even if the republicans lose in the next election the battle has been won.
We'll see how this all works out and if the unions will be able to collect their dues on their own and funnel that money to democrats as there will no longer be an automatic payroll deduction on the checks.
The voters of course are free to turf the republicans and bring in candidates who want to restore public worker priviledges.
Good luck with that!
 
Public sector workers are pursuing their own narrow financial interests to the detriment of everyone else in their states. That's fine, but can we stop pretending it's virtuous?

The false notion of collective bargaining "rights" is what is driving this misplaced sense of moral superiority. It is a problem in a lot of areas because rights cannot, by definition, make claims on other rights. Privileges cannot be rights.

But very few people ever ask, "what rights"?

Well the public service unions in Wisconsin have been put in their place in an epic defeat and vow to somehow organize and defeat the courageous Governor.
This victory for the taxpayers will embolden other states to take similar measures.

However, if there is ANY organization that can make good on the threat to defeat a political figure, it is unions. The battle in Wisconsin is far from over and the next battleground will be the next few election cycles.
 
The false notion of collective bargaining "rights" is what is driving this misplaced sense of moral superiority. It is a problem in a lot of areas because rights cannot, by definition, make claims on other rights. Privileges cannot be rights.

But very few people ever ask, "what rights"?



However, if there is ANY organization that can make good on the threat to defeat a political figure, it is unions. The battle in Wisconsin is far from over and the next battleground will be the next few election cycles.

If these are rights and not priviledges then all public workers including federal ones would have them.
The servants do not have the right to hold their taxpayer employers hostage.
They're the ones who chose servitude in exchange for job security to work in the second tier as public workers.
The first tier private workers who pay the taxes that are public worker wages have had to take a cut.
If the unions manage to defeat some candidates then that is the will of the voters.
The 2012 election has begun!
 
Collective Bargaining Has a Fiscal Impact

March 9, 2011

The following is a press release from Wisconsin Gov. Scott Walker's office.
~~~~~
Madison— Today Governor Walker’s office released specific examples and new details to show how collective bargaining fiscally impacts government and how reforming collective bargaining can improve government.

A Year’s Worth of Pay for 30 Days of Work
Under the Green Bay School District’s collectively bargained Emeritus Program, teaches can retire and receive a year’s worth of salary for working only 30 days over a three year period. This is paid in addition to their already guaranteed pension and health care payouts.
At the average annual salary for a Green Bay teacher of $51,355, this amounts to a daily rate of pay of $1,711.83, or an hourly rate of $213.98. Since most retiring teachers receive higher than average salary, these amounts are, in practice, much higher.
Source: WLUK-TV, 3/3/11
Teachers Receiving Two Pensions
Due to a 1982 provision of their collective bargaining agreement, Milwaukee Public School teachers actually receive two pensions upon retirement instead of one. The contribution to the second pension is equal to 4.2% of a teacher’s salary, with the school district making 100% of the contribution, just like they do for the first pension. This extra benefit costs taxpayers more than $16 million per year.

Source: February 17, 2010 Press Release, Process of developing FY11 budget begins Milwaukee Public Schools
Almost $10,000 Per Year for Doing Nothing
While the Green Bay Emeritus Program actually requires teachers to at least show up for work, the Madison Emeritus Program doesn’t even require that. In addition to their pension payouts, retired Madison public school teachers receive annual payments of at least $9,884.18 per year for enrolling in the Emeritus Program, which requires ZERO days of work.
When this program began, 20 days of work per year were required. Through collective bargaining, the union successfully negotiated this down to zero days.
No Volunteer Crossing Guards Allowed

A Wausau public employee union filed a grievance to prohibit a local volunteer from serving as a school crossing guard. The 86-year-old lives just two blocks away and serves everyday free of charge.
Principal Steve Miller says, "He said, you know, this gives me a reason to get up in the morning to come and help these kids in the neighborhood."
But for a local union that represents crossing guards, it isn't that simple. Representatives didn't want to go on camera but say if a crossing guard is needed, then one should be officially hired by the city.
Source: WAOW-TV, 1/27/10
$6,000 Extra for Carrying a Pager

Some state employees, due to the nature of their positions, are required to carry pagers during off-duty hours in order to respond to emergency situations. Due to the collective bargaining agreements, these employees are compensated an extra five hours of pay each week, whether they are paged or not.
For an employee earning an average salary of $50,000 per year, this requirement can cost more than $6,000 in additional compensation.
Source: 2008-09 Agreement between the State of Wisconsin and AFSCME Council 24​
Arbitrator Reinstates Porn-Watching Teacher

A Cedarburg school teacher was reinstated by an arbitrator after being fired for viewing pornography on a school computer. The school district ultimately succeeded in terminating the teacher only after taking the case to the Wisconsin Supreme Court at great cost to the taxpayers.
‘Outstanding First Year Teacher’ Laid Off

Milwaukee Public Schools teacher Megan Sampson was laid off less than one week after being named Outstanding First Year Teacher by the Wisconsin Council of English Teachers. She lost her job because the collective bargaining agreement requires layoffs to be made based on seniority rather than merit.
Informed that her union had rejected a lower-cost health care plan, that still would have required zero contribution from teachers, Sampson said, “Given the opportunity, of course I would switch to a different plan to save my job, or the jobs of 10 other teachers.
Union Opposes Cost-Saving Lawn Mowing Program

As a cost cutting measure, Racine County began using county inmates to cut the grass in medians and right-of-ways at no cost to the taxpayers. A county employee union filed a grievance indicating it was the right of government workers to cut the grass, even though it would cost the taxpayers dramatically more.
The $150,000 Bus Driver

In 2009, the City of Madison’s highest paid employee was a bus driver who earned $159,258, including $109,892 in overtime, guaranteed by a collective bargaining agreement. In total, seven City of Madison bus drivers made more than $100,000 per year in 2009.
"That's the (drivers') contract," said Transit and Parking Commission Chairman Gary Poulson.
$150,000 Correctional Officers

Correctional Officer collective bargaining agreements allow officers a practice known as “sick leave stacking.” Officers can call in sick for a shift, receiving 8 hours of sick pay, and then are allowed to work the very next shift, earning time-and-a-half for overtime. This results in the officer receiving 2.5 times his or her rate of pay, while still only working 8 hours.
In part because of these practices, 13 correctional officers made more than $100,000 in 2009, despite earning base wages of less than $60,000 per year. The officers received an average of $66,000 in overtime pay for an average annual salary of more than $123,000 with the highest paid receiving $151,181.
Source: Department of Corrections
Previously the Governor’s office released these examples of the fiscal impact of collective bargaining:
Paid-Time off for Union Activities
In Milwaukee County alone, because the union collectively bargained for paid time off, fourteen employees receive salary and benefits for doing union business. Of the fourteen, three are on full-time release for union business. Milwaukee County spent over $170,000 in salary alone for these employees to only participate in union activities such as collective bargaining.

Surrender of Management Rights
Because of collecting bargaining, unions have included provisions in employee contracts that have a direct fiscal impact such as not allowing management to schedule workers based on operational needs and requiring notice and approval by the union prior to scheduling changes. As County Executive Walker attempted to reduce work hours based on budget pressures and workload requirements by instituting a 35 hour work week to avoid layoffs, which the union opposed. Additionally, government cannot explore privatization of functions that could save taxpayers money.

WEA Trust
Currently many school districts participate in WEA trust because WEAC collectively bargains to get as many school districts across the state to participate in this union run health insurance plan as possible. Union leadership benefits from members participating in this plan. If school districts enrolled in the state employee health plan, it would save school districts up to $68 million per year. Beyond that if school districts had the flexibility to look for health insurance coverage outside of WEA trust or the state plan, additional savings would likely be realized.
Viagra for Teachers
The Milwaukee Teachers Education Association (MTEA) tried to use a policy established by collective bargaining to obtain health insurance coverage that specifically paid for Viagra. Cost to taxpayers is $786,000 a year.
Reference: http://abcnews.go.com/Health/milwau...s-union-sues-discrimination/story?id=11378595
Unrealistic Overtime Provisions
On a state level, the Department of Corrections allows correctional workers who call in sick to collect overtime if they work a shift on the exact same day. The specific provision that allows this to happen was collectively bargained for in their contract. Cost to taxpayers $4.8 million.

_______________________________________________________________

Union corruption on display.
This is what collective bargaining abuses lead to and why Walker eliminated it.
 

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