Monday, February 15, 2010

Going Greek In Gullyforneeuh

clipped from www.moonbattery.com

The greedy and corrupt public employees unions in the City of Los Angeles are refusing to accept a 5% pay cut. Now, c'mon really. Anyone who can't live on 95% of their current income is just pathetic. 5% is a typical family's budget for entertainment or tobacco and alcohol. And California is broke.

Similarly, the EU country of Greece is also insolvent. Greece also ran up its public debt to lavishly finance public employees unions, even under governments that were conservative by Eurotopian standards.

Greeks can retire at age 63. Germans have to wait until age 67. Naturally, Germans are not enthusiastic about having to work extra years so that Greeks can retire younger. But even worse, California public employees can retire at age 50 on 90% of their final pay.

Socialism just never manages to quite pay or itself, does it? Conservatives understand this implicitly; to increasingly confiscate the wealth of the productive to lavish on the unproductive is unsustainable.

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