About this blog:
What if they held a class war and nobody noticed? For decades, liberals and progressives have been bashed for conducting a "class war" every time they suggest that it would be appropriate for the extremely wealthy to shoulder a bit more of the burden of paying for government. Meanwhile, a swarm of far-right think-tanks and political action committees have been working tirelessly to promote the idea that taxes on the wealthy should be lowered further from their historic lows, and that entitlement programs such as social security and medicare are too expensive to sustain (and in any case, immoral). The latest attempts to delegitimize public employee unions are the logical next step in what genuinely appears to be the systematic dismantlement of the middle class. This blog will highlight some of the more extreme examples of this activity that may not always show up in your news feeds.
Sunday, March 6, 2011
We've been hearing a lot about how public employees are not contributing enough to their pension funds, which is putting state governments on the way to budget crises. Hence, the recent spate of efforts to strip them of their collective bargaining rights. Here is a report from the estimable Dean Baker that rips that story to shreds (warning: pdf). Surprise, surprise, the shortfall is due to the bankster-caused stock market meltdown, and is already shrinking due to the recent market rebound.
Posted by Arrik at 3/06/2011 04:50:00 PM