Tuesday, May 26, 2009
Unions vs. Taxpayers - WSJ.com
The advice to "get a government job" looks like good advice.
It will be interesting when it reaches a point where it can't sustain itself...
It will be interesting when it reaches a point where it can't sustain itself...
In the Wall Street Journal, Steve Malanga calls attention to it:
"Some five million private-sector workers have lost their jobs in the last year alone, and their unemployment rate is above 9% according to the BLS. By contrast, public-sector employment has grown in virtually every month of the recession, and the jobless rate for government workers is a mere 2.8%. For anyone who thinks such low unemployment numbers are good news, remember that the bulging public sector must be paid for with revenues that most governments don't currently have. This is one reason for a spate of state and local tax increases, such as $5 billion in tax increases New York state passed in April, and $12 billion in tax increases California's legislature agreed to in February that will only become law if voters pass a series of ballot initiatives next week."
