Pensions Graded on a Curve
North Carolina has one of the healthiest public-employee pension systems in the country – and has also been underfunding the system in recent years.
As candidates, activists, journalists, and voters gear up for tomorrow’s primary elections, it’s important to remember what politics is really all about.
Greenhut sums matters up, writing, “We’ve seen a massive transfer of wealth from the private sector to the public sector, from taxpayers to tax consumers. The result is a class of coddled, overpaid, and under-worked public ‘servants’ whose pay and retirement levels cannot be sustained without cutbacks in public services and higher taxes.” Plunder! is a book that will make Americans say, “I’m mad as hell and won’t take it any more.” Get a copy, read it, then pass it along.
Readers will find their blood pressure rising as Carney takes us through the vast corporate welfare tucked into ObamaCare, the environmental crusade’s “cap and trade” legislation, Obama’s favoritism toward the United Auto Workers and the car companies it has done so much to ruin, the administration’s fondness for regulations that help big business stifle competition from smaller rivals, and, perhaps most disgustingly of all, the Wall Street bailout.
Like the current administration, Polk had to answer questions over whether we would have an activist government or a minimalist one, whether America would look forward or inward, and whether we would lead or be led in international affairs. Polk found solutions; the jury is still out on Obama.
The 2010 elections will test the depths of the political reaction to the administration’s efforts to turn America sharply to the Left.
You can’t wall yourself off from it with protectionist tariffs, or government programs, or wishful thinking. You can’t put the genie back in the bottle.
A proposal in Durham would reinforce the stereotype that "only losers take the bus."