Monday, June 27, 2011

The Local Government Pension Squeeze

Steven Malanga, Wall St. Journal
Although Democratic Mayor John DeStefano has enjoyed a good relationship with the New Haven, Conn., municipal unions through most of his 17 years in office, lately those ties have frayed. He says that workers' wages and benefits have become "the Pac-Man of our budget, consuming everything in sight," and must be cut. His budget-trimming proposals, including calls to privatize some jobs, have brought angry city workers into the streets in protest, and celebrity protester Al Sharpton to agitate for their cause.While the national media has focused on state budget face-offs between...

Source: http://www.realclearpolitics.com/2011/06/27/the_local_government_pension_squeeze_258229.html

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