Friday, August 31, 2012

Illinois Bonds Downgraded over Pension Crisis | Via Meadia

Walther Russell Mead explains if Obama loses he’ll have Illinois to blame.

With public-sector unions fighting tooth and nail to preserve their cushy benefits and expensive pension plans, old style Dems like FDR, Harry Truman and Fiorello LaGuardia—all of whom thought that public sector unionism was a terrible idea—are looking smarter and smarter all the time. The combination of collective bargaining and the power of a focused voting lobby and campaign finance machine has unbalanced the budgets of too many cities and states to retain much appeal to the general public.

If the Democrats lose this election, the impact of the clammy embrace of the public sector union movement in the Midwest will be a major factor in the defeat. Defending an unsustainable governance model is no place for a serious political party.

Illinois Bonds Downgraded over Pension Crisis | Via Meadia

Mead might have added Milwaukee’s Socialist Mayor Frank Zeidler to that list of pols who thought public Unions a horrible idea.

No comments: