Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 2 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 8 (10 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment
OpEdNews Op Eds

Wisconsin's Spirit: Courage for Other States to Emulate

By       Message Stephen Lendman     Permalink
      (Page 3 of 7 pages) Become a premium member to see this article and all articles as one long page.
Related Topic(s): ; ; , Add Tags Add to My Group(s)

Must Read 2   Well Said 1   Supported 1  
View Ratings | Rate It

opednews.com Headlined to H2 2/25/11

Author 194
Become a Fan
  (191 fans)
- Advertisement -

Economist Jack Rasmus titled his latest article, "Why Public Employees Aren't the Cause of States' Budget Crises," discussing five reasons behind them:

(1) A "lopsided (pseudo-recovery) from recession without jobs," producing less tax revenues from remaining workers.

- Advertisement -

(2) Decades of counterproductive state policies to reduce taxes for business and investors, resulting in a revenue-producing "race to the bottom."

(3) "(R)unaway health care costs" because predatory insurers, drug companies and giant hospital chains game the system for maximum profits in collusion with Washington.

- Advertisement -

(4) "(S)harply rising costs of borrowing by States in the municipal bond market, where (rates) have risen sharply due ultimately to the speculative excesses of the recent financial boom and bust."

(5) Massive unfunded pension liabilities - a multi-trillion dollar future problem because of mismanagement, underfunding, speculation, bad investments, and criminal fraud, not out-of-control pay and benefits.

Republican and Democrat governors across America want workers to bear the burden through wage and benefit cuts as well as loss of collective bargaining rights at a time they're more than ever needed.

- Advertisement -

Surviving Depends on Organizing, Struggling, and Resisting

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7

 

- Advertisement -

Must Read 2   Well Said 1   Supported 1  
View Ratings | Rate It

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert