
Governor Christie continues to attempt to address isssues that need forceful and immediate solutions. Public employees, unionized or not, don't have enough, or in many cases, any, "skin in the game" and therefore are all too willing to have their votes purchased by an endless stream of politician
s who know that when the roosters come home to roost (when the promses must actually be paid) they will be long gone, and "it's some other poor schmuck's problem."
When will the reality of understand
ing that sooner, rather than later, the end result will be municipal and state bankruptcy
, which will allow the courts to force the restructin
g that will be much more drastic, maybe even resulting in eliminatin
g or reducing benefits to a substantia
l degree. We're already seeing states and municipali
tes, and county government
s negotiatin
g changes in benefit deals that require more participat
ion by public employees.
So, a little pain now in hope of preserving reasonable benefits, or a lot of pain later, and the prospect of reduced or even no benefits.
And professor Keefe's comment that "they don't have an opportunit
y to particpate in things like profit sharing" is a total red herring. Government
s are not run to make a profit, just to soak up tax dollars for mainly social benefit programs. Maybe professor Keefe could suggest a turn-aroun
d in government structure into a for-profit enterprise structure that would indeed have incentives for cost controls, and rewards for efficiency
, like profit sharing.
I'd vote for that!
Read the Article at HuffingtonPost
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