Friday, March 11, 2011

Grey Lady Giving Succor

On Cue:  Grey Lady Does Her Thing

As public sector employees in Wisconsin begin to "shoulder more of the burden" for their pensions and health care they "will provide immediate relief for struggling towns, school districts and state agencies, and help them balance their budgets," reports the New York Times.

"But new pension cost estimates, ordered before Governor Walker was elected...are expected to show that the current contribution levels to the state pension system are too meager. More money, from employers and employees in some combination, will be needed, and perhaps much more in coming years."
Grey Lady Giving Succor
According to economists, the problem won't be unique to Wisconsin, and doing away with collective bargaining won't fix it. According to labor officials, economics are evil and anyone who says that public pensions are in trouble is the Antichrist.


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