It’s ironic that the 26 Billion “aid package” to the states is mainly to protect the highest paid civil servants on payrolls with the highest city and state deficits, highest union and pension benefits, and by some standards the least deserving, compared to others with real needs for food, (this aid includes early termination of food stamp benefits for hundreds of thousands); shelter- homelessness due to foreclosures and evictions is way up, and others.
It is supposedly paid for with termination of tax breaks for corporations doing business overseas, and the above-mentioned early termination of food stamps.
Forgetting the obviously skewed vote-buying of teacher, police and fire, and civil service union and other special interest constituencies, it also prolongs the unnecessary economic imbalances that stop free-market, normal economic cycle corrections that have always led to better results in the future, by eliminating waste and improving productivity. (Question: When does most violent crime occur? Answer: At night. Question: when do most police work- day shift or night shift? Answer: Day shift.) See anything wrong with that equation?
The free market system works best in the private sector so when demand slows down,or revenues don’t support a given level of staffing or production, firing and layoffs occur. Unfortunate as they may be, they continue until demand picks up along with revenues.
Public Sector jobs like Police, Firefighters, and Teachers have become, in some cases overpaid, and in most cases so over-benefited, that they are breaking the bank in many states and cities, to the degree of a one hundred percent or higher salary and overtime premium ( for less education), more when ridiculous early-out, and overpaid pensions and easy-to-get disability benefits are included. ( Example:Cop is on 100 percent disability-at $75,000 year plus medical, yet goes sky diving, mountain climbing, golfing, fishes on his own boat, and more).
The free market system is not being allowed to operate as it should.
How much better it would be if this “aid” package were directed at small business creation and financing, which creates over 60% of all the jobs in the U.S., and funds from unused Stimulus Funds and TARP unused and already repaid funds were also included. Then, you might have stimulus that would encourage jobs AND repay the taxpayers..productively. As it is now, these funds are being re-tasked for programs and contracts that primarily benefit union and public sector jobs.
Monday, August 16, 2010
Another “Aid Package,” Another Tax | Newsflavor
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