Saturday, December 18, 2010

Public-sector unions' house of cards is about to come tumbling down

You’ve been hearing for quite a while now that public-sector unions are a threat to the economic survival of the United States. With an estimated unfunded liability of up to $3 trillion (and perhaps much more), public-sector pensions are a noose around the neck of America’s taxpayers and it is threatening to strangle the nation.

More specifically, you’ve been hearing that the expensive wage and benefits packages that union-bought Democrats have given to their union benefactors could collapse our economy. The question is, can we stop it before it it too late, or at a minimum, contain the damage?

Well, little by little, signs are showing that, in some cases, the public-sector house of cards is already starting to fall...
…And, So It Begins: The Public-Sector Ponzi Scheme is Collapsing

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