Governor Walker Tells Post Readers That He Doesn't Understand Basic Economics

[ProSense]

Governor Walker Tells Post Readers That He Doesn't Understand Basic Economics

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In a column in the Washington Post this morning Walker noted that under his new compensation package for public sector employees in Wisconsin, workers in the state will still be paying a far smaller portion of their health care benefits than most workers in the private sector or federal employees. He then comments:

"It’s enough to make you wonder why there are no protesters circling the White House."

Actually, it's enough to make you wonder what Governor Walker could possibly be thinking.

Employer payments for pensions, health care coverage and other benefits are part of a total compensation package. It makes little difference to an employer whether they pay another dollar for health care or for wages. Public employees in Wisconsin had bargained for a compensation package that gave them lower wages than their private sector counterparts, but more generous benefits. Their total compensation package was still somewhat lower than for private sector workers with the same education and experience. When Governor Walker increased the amount that workers had to pay for their pensions and health insurance, he cut their pay pure and simple putting them further behind their private sector counterparts.

Governor Walker seems not to understand this simple fact. According to the logic of his column, a worker getting a salary of $40,000 a year with full health care benefits and an employer provided pension would be better off than a worker getting $200,000 a year and no benefits. Obviously this makes no sense. It would be good if one of Governor Walker's aides could explain this to him.

[catbyte]

1. Can a non-WI resident sign this douchebag's recall petition?

:mad:

[Jackpine Radical]

2. No, but you can attend the public shortening event when we get it scheduled.

[tridim]

4. Really, why can a Utah group recall Democrats in WI?

[bahrbearian]

3. He has a good grasp for Reaganomics. Slash and burn

[grahamhgreen]

5. Did David Koch explain that to him?

[eppur_se_muova]

6. No. Freaking. Kidding. nt

[indepat]

7. While Walker's understanding of basic economics might be lacking, his understanding of human nature

is astounding indeed. :patriot:

[rpannier]

8. Walker, Sarah Palin of the Midwest

God willing, he'll also be a half-tern because he gets recalled

[tallahasseedem]

9. That's a shocker...

He doesn't understand humanity either.

[Scuba]

10. He doesn't want to learn. n/t

[sakabatou]

11. The stupid, it burns!

[lunatica]

12. That's why he takes his orders from the Koch brothers