Source:
The Washington Post(snip)
The deal Wisconsin made with its state employees was simple: Accept lower wages than you could get in the private sector now in return for better pensions and health-care benefits when you retire. Now Walker wants to renege on that deal.
Rather than stiff the banks, in other words, he wants to stiff the teachers - but the crucial twist he's added, the one that's sent tens of thousands of workers into the streets, is that he wants to make sure they can't fight back once he does it.
The reason you can't stiff bondholders is that they can make a state or country regret reneging on the deals they've made. They can increase borrowing costs far into the future, slowing economic growth and, through the resulting economic pain, throwing politicians out of office. That gives them power. An ordinary teacher does not have access to such artillery. Unless, of course, she's part of a union.
(snip)
But some won't have to sacrifice nearly so much. Walker's campaign platform called for sharp cuts in corporate taxes, including "eliminating corporate taxes for the first two years of operation." His budget repair bill proposes to allow the state to sell energy plants "with or without solicitation of bids, for any amount that the department determines to be in the best interest of the state," and goes on to say that "any such purchase is considered to be in the public interest."
Read more:
http://www.washingtonpost.com/wp-dyn/content/article/2011/02/21/AR2011022104583.html
Cool!!!!! They get it... and it's in the headline.
They picked up the language of the no bid sale of the power plants.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
