Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

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Comparing today’s recession/depression to the 1980 recession

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"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

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"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

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Canadian government admits recovery never happened

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Content By: The Coming Depression Editorial Staff (dates cited below)
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“What is happening in Wisconsin clearly shows a disconnection with reality in an economy that has forced many private-sector workers into lower wages and reduced benefits, if they were lucky enough to keep their jobs at all. The outcome of this battle could impact other states where cuts are looming, as well. As this story shows, it could get ugly.” — Jay Evensen (2)

Wisconsin Gov. Scott Walker’s security detail is taking “every measure necessary” to ensure his safety, a state official told FoxNews.com, as protests over the governor’s budget bill spread and some of the rhetoric being used gets overheated.

Officials in Madison would not go into detail about what precautions are being taken to protect the governor, though his Capitol conference room has been under heavy guard. In the week since 14 Senate Democrats fled Madison to block a vote on Walker’s proposal to cut union benefits and rights, the tone of the debate has taken an inflammatory turn.

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Though many of the protesters and counter-protesters have kept their slogans civil, some have been spotted carrying signs comparing Walker to Hitler. Others have compared him to ousted Egyptian autocrat Hosni Mubarak. One Democratic lawmaker, state Sen. Lena Taylor, has done both. Source: Fox News (1)

Are unions really needed?

Public sector unions need to be understood differently from private sector unions. Government is by its nature a service monopoly. All monopolies as a matter of principle should either be smashed, or regulated into total submission and made subservient to the public good. That is the really progressive thing to do, because that’s how you assure a society that functions reliably for the average citizen, the powerless and disadvantaged.

Hard working men and women in the rank-and-file public service do deserve a grievance mechanism to protect them against exploitation by their employers, i.e., us, the citizens, but there is nothing in the least progressive about intentionally empowering any group to have a hammerlock on important societal functions.

Continued imbalances where public sector unions have wages and benefits worth 25-50% more than the comparable private sector workers is unsustainable. Along with jobs for life and rising deficits at all levels of governments, there needs to be a reality check on the public sector unions. One only has to look to Greece to see what happens when you continue to feed the public sector unions while stifling the private sector workers who have to support these lavish wages and benefits.

Canadian cities curtailing union activity

Toronto’s unions are a case in point, the electorate voted overwhelmingly for Rob Ford to take on these unions. After 8 years of union pandering to union workers by Miller and Co, most of whom don’t even live in Toronto or pay a dime of property tax, there is clear mandate and appetite for CUPE 416 and the ATU to get a big reality check. No more jobs for life and no more entitlements for the sake of entitlements. In other cities like Windsor, near Detroit, there has been massive privatization of public services including garbage collection, child care, and others.

Do we really want to be the Next Greece?

There is no comparison between the revolutions in the middle east and the Union strikes in Wisconsin. Men, women, and children are being slaughtered in countries overseas fighting for freedom and a representative government.

In Wisconsin, fat happy public employees and unions are subverting the democratic process in an attempt to blackmail the taxpayers into servitude in order to maintain their wages and benefits. They are being assisted in this perverse process on a Federal, National level.

What a stark sad difference.

The Wisconsin constitution requires a balanced budget. This is a win win for the Governor. The neo Marxist Union can either accept the cuts or 10 to 12 thousand public employees will be laid off by the end of the year.

References:

(1) Fox News
(2) Deseret News

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This entry was posted on Thursday, February 24th, 2011 at 6:54 pm and is filed under North America. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Comments

  1. February 25, 2011 @ 12:36 am


    You comments are incorrect as I understand what the issue is. They have already said they understand the need to take the budget reductions and reductions in personal compensation and had agreed to it. You make them seem like they are being greedy and unreasonable about that. Wrong!The point that they have agreed to the budget reductions has been made by every article I have read or tv discussion about it – all except the point made here. They are not willing to negotiate about giving up their right to collective bargin, ie., the have their union. That is what the fight is about.

    Posted by Sue
  2. March 16, 2011 @ 11:42 am


    I’m growing very weary of hearing these public sector employees moan and groan about their jobs or their pensions. They’re not living in the real world. Public sector employees are funded by the public, ie us! That’s why taxes go up because they gotta pay for those big pensions.

    I am one of those private sector employees who lost her job several years ago. I’ve had to work minimum wage and work odd jobs to put food on the table. No one felt sorry for me.

    No unions for the poor working private sector slob who’s ran out of unemployment benefits, health insurance and who’s exhausted their savings and retirement account. We don’t have a voice and politicians don’t care about us. We don’t have the money to put into their campaign coffers.

    These public sector employees can go to hell. Walk a day in my shoes and tell me how hard your life is public sector goons.

    Give me a break. Grow up public sector parasites.

    Posted by Annie Oakely
  3. March 16, 2011 @ 11:45 am


    Agreed

    Posted by Jason

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