Saturday, August 2, 2014

Teacher Who Give Back - Their Pensions

The CAlifornia ruling upsetting seniority for teachers and the Wisconsin teacher contribution changes are both very small events, but the targets know well two things:

1. There is not enough money to make good previous promises.

2.  There is no rational end to give backs, once it starts.
   "We're trying to get the message out — not to the governor because we don't think he listens — but to the legislators and the public. ... We made a sacrifice three years ago," he said, referring to a deal struck with Christie in 2011 where public employees kicked in more for their pension out of each paycheck.
Well of course.  Expect another 150 more.  There were 150 add-ons to get to today, expect 150 take-aways.

Teachers by and large an easy target.  The only cohort who scores lower in college academically are the social workers.  The cannot conceive of any other recourse than the State.  Easy pickin's.

Now cops and fireman are a different story.  To the degree they believe their own PR, that they are critical to safety and security, then they will be bolder in demands (something like 70% of firefighters are volunteer, although every bit as well trained, and most policing is in private hands).  so the technique so far is to except the police and fire while they take apart the teachers, etc.

This crisis is another version of the credit crisis.  In this case, no one had to actually produce credit, just promises to people that they would have endless riches.  This silenced labor and bought off the union leaders.  So fascist monetary policy defeated anti-fascism, pro-freedom.

Feel free to forward this by email to three of your friends.


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