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"These unsubstantiated claims – repeated endlessly in media – stand reality on its head. Such accusations are part of a systematic campaign by corporate America to mislead taxpayers and scapegoat public employees.
California public sector workers, such as teachers, public health nurses, firefighters, librarians, maintenance, park, transit, and social workers are not responsible for the economic crisis that makes drastic cuts to state and local governments necessary. These public employees earn modest, middle-class pay and benefits.
Rather, it was big business and the wealthy who gamed the deregulated financial system to make huge profits. Their speculation in the home mortgage markets triggered the Great Recession; then they proceeded to take billions in bailouts from the government; and last year, Wall Street’s leading investment and financial services firms paid out a record $144 billion in compensation and benefit"
Union apologists believe that Wall Street is the cause of the economic collapse. Not the $525 billion of unfunded liabilities in CalPRS. Or the $52 billion of unfunded CalSTRS, the $21 billion in unfunded liabilities for the UC system employees--all union. Cities, school districts and the State is going bankrupt paying for these. It has nothing to do with housing, Wall Street or corporations--this is a union vs. Government Issue and the people are losing.
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California public sector workers, such as teachers, public health nurses, firefighters, librarians, maintenance, park, transit, and social workers are not responsible for the economic crisis that makes drastic cuts to state and local governments necessary. These public employees earn modest, middle-class pay and benefits.
Rather, it was big business and the wealthy who gamed the deregulated financial system to make huge profits. Their speculation in the home mortgage markets triggered the Great Recession; then they proceeded to take billions in bailouts from the government; and last year, Wall Street’s leading investment and financial services firms paid out a record $144 billion in compensation and benefit"
Union apologists believe that Wall Street is the cause of the economic collapse. Not the $525 billion of unfunded liabilities in CalPRS. Or the $52 billion of unfunded CalSTRS, the $21 billion in unfunded liabilities for the UC system employees--all union. Cities, school districts and the State is going bankrupt paying for these. It has nothing to do with housing, Wall Street or corporations--this is a union vs. Government Issue and the people are losing.
More...