Posts Tagged ‘finance’

Public Employee Unions Can’t Win This Way

“It isn’t lost on us that the one commonality in Wisconsin, San Diego and San Jose is that we were considerably outspent.  You have politicians conspiring with corporations to take away pensions from workers.” Steven Kreisberg, director of collective bargaining at the American Federation of State, County and Municipal Employees. quoted in a New York Times article.

Mr. Kreisberg is correct (except for one word*) but the generous pension and retiree health benefits that unions have historically won for their members through political influence are now obviously unaffordable** and cannot be sustained by buying more political favors and deluding more voters.  There is a better way – maybe the only way – and it involves a radical change of course.

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