Thursday, June 07, 2012

The Death Knell Tolls for Public Unions

The New Republic reports:
As defined-benefit pensions and generous health insurance plans have become scarcer in the private sector, the more generous plans in the public sector have become especially vulnerable politically. Workers in the private sector do not expect their fathers’ pension arrangements to return, and they are resigned to paying an increasing share of their health care expenses out of pocket. With their incomes stagnant or falling, they are unwilling to pay higher taxes to sustain better benefits for public sector workers than they themselves enjoy.