Comments on: Why Wisconsin matters to global financial markets http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: zotdoc http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6545 Mon, 28 Feb 2011 20:39:09 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6545 The big difference I see in government employee unions and private unions is that the private unions are limited to what the company can bear. Push too hard, your company goes out of business and you are looking for work. With the government, shutting down is not an option and so the taxpayers get put on the hook, no matter how extravagant the demands. Once the union is formed, it can funnel millions to subvert the democratic system and get their boys in office so that their demands will be met. Governor Walker is on the right track!

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By: limapie http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6540 Sun, 27 Feb 2011 21:40:13 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6540 Walker says when he was a county administrator, the public unions wanted lay-offs rather than to sit at a table and discuss anything going “south.”
Walker is stating that to balance at the state level, he
will need to slash shared revenue to the locals….the locals will be seeing Near-NOTHING coming in—totally less than they’ve ever seen before.
So then these locals are suppose to balance THEIR budgets
with stubborn unions wishing for lay-offs…80% of local budgets are PUBLIC WORKER COMPENSATION.! I guess one worker will need to teach, plow, fill-pot holes yadda yadda.
If all the public workers are laid-off—who will do this stuff?

Enter a solution that has been taking place in Idaho.
Chinese Free Trade Zones. Chinese scout groups are also looking in OH, MI, PA to do similar. And with the growing shortages of food, and higher prices, Chinese will be hunting for farm land to move in on.

Yes, the locals in Idaho sold out to communists! Why?
Because they couldn’t make their budget deficits go away.

Let Walker protect our state and local areas. It is the American thing to do.

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By: Ad1156 http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6537 Sun, 27 Feb 2011 14:47:49 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6537 Frankly, one can use data to put a positive spin on any position. The fiscal reality of State operating budgets and their consequential impact on economic growth is the underlying issue. As the public sector portion of GDP grows supported by operating deficits or budgetary slights of hand, the capacity for of economy to create sustainable employment shrinks. Claiming the pensions are 99% funded is another actuarial slight of hand. Another case of… So long as someone says it, it must be true.

As current events around the world highlight, governments that do not act in support of the majority, will not survive. Public employees unions have feasted at the trough of political cohersion and fragmented local decision making since the New Deal. So, here’s the “New Deal”, the public has spoken. Game over.

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By: Ad1156 http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6536 Sun, 27 Feb 2011 14:44:31 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6536 Frankly, one can use data to put a positive spin on any position. The fiscal reality of State operating budgets and their consequential impact on economic growth is the underlying issue. As the public sector portion of GDP grows supported by operating deficits or budgetary slights of hand, the capacity for of economy to create sustainable employment shrinks. Claiming the pensions are 99% funded is another actuarial slight of hand. Another case of… So long as someone says it, it must be true.

As current events around the world highlight, governments that do not act in support of the majority, will not survive. Public employees unions have feasted at the trough of political cohersion and fragmented local decision making since the New Deal. So, here’s the “New Deal”, the public has spoken. Game over.

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By: Kumicho http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6519 Fri, 25 Feb 2011 17:55:21 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6519 As has been noted, WI’s pension is not in danger. Technically it’s 97% funded (not 99% as other posters have stated).

http://downloads.pewcenteronthestates.or g/The_Trillion_Dollar_Gap_final.pdf

Also, the Democrats have agreed to ALL FINANCIAL PORTIONS OF THE BILL. That’s right, anything with a price tag on it has been agreed to. The problem is the Governor is demanding things like:

Stripping unions of their collective bargaining rights (no fiscal gain for the state)

Selling state power plants in closed, no-bid sales with zero legislative oversight (no fiscal gain for the state)

Handing off control of the state’s Medcaid requirements to an unelected body (DHS). (no fiscal gain for the state)

37 new positions that are political appointees (no legislative oversight, no fiscal gain for the state)

Please do not perpetuate the claim that this bill is done for fiscal reasons. The Democrats have already agreed to all of the financial concessions in the bill, and the fact that the Governor refuses to negotiate shows what his true motives are.

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By: dhiorth http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6516 Fri, 25 Feb 2011 13:57:36 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6516 In one sense Walker’s stance is typical of the modern Republican Party platform….attack the middle class. Trickle down economics is still the GOP mantra, and trickle down economics was the fundamental principal of fuedalism.

In another sense, the attack on government is essential to protect what little is left of individual freedom. The bigger government gets, the more it wants to dictate. America has long since abandoned it’s fierce devotion to individual rights and their collorary, individual responsibilities. The Patriot Act, the most misnamed law ever passed, put the final nail in the cofgfin of the Bill of Rights. Obamacare amply demonstrates that totalitarianism is now the law of the land. The Tea Party wants, like Shakespear’s Brutus,to bring back the Republic. To do so mandates that big government be attacked. it is unfortunate that the Tea Party is a group of naive fools who have not thought out the full consequences of their actions as they blindly hack at anything in reach.

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By: Eideard http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6515 Fri, 25 Feb 2011 13:19:33 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6515 Yup. Nothing counts more than the almighty dollar and who it serves. Bureaucrats and politicians take precedence. Right behind their corporate bosses, of course.

Nothing new about class warfare. What’s new is Republicans admitting it is a guiding principle.

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By: Maggy519 http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6512 Fri, 25 Feb 2011 11:38:05 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6512 Bottom line: there are budget problems in states. The author states that taking away collective bargaining and the other measures the the WI Governor is advocating is “dranconian.” The man is controls by multibillionaire libertarina think tanks and he is taking advantage of the situation by declaring war on workers and unions. But the media will carry his water because we have no independent media anymore.
This should scare ALL Americans. This is not about budgets. This is about making sure the top 1% and the investor class can control all of us. To destroy public education would be a nice side efffect for these people. Keeping the population ignorant is helpful if they want to destroy all government services. When will Americans wake up?

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By: BobLHead http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6510 Fri, 25 Feb 2011 04:34:59 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6510 “He would make state employees pay half their pension costs and 12.6 percent of their medical costs, both below the percentages prevailing in the private sector. While painful, state employee unions appear willing to accept those terms.”

What private sector jobs pay 50% of pensions. Most get a 50% patch of your first 6% of your salary contribution. So you get 3% of your salary max. So assuming you put in the min. 6% and the company pays 3%, you paid 66.6% of your “pension”. If you up that because lets face it, 6% isn’t going to cut it, lets say to 10%, you now may 76.9% of your “pension”.

I’m not for breaking the union and ridding them of collective bargaining but paying 50% for a pension is a pretty good deal.

But, the other question, in factoring if this is a good deal, does this factor in that many govt workers get less in Social Secutiry benefits?

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By: Owkrender http://blogs.reuters.com/breakingviews/2011/02/24/why-wisconsin-matters-to-global-financial-markets/comment-page-1/#comment-6509 Fri, 25 Feb 2011 00:52:45 +0000 http://blogs.reuters.com/columns/?p=5403#comment-6509 Public employees are taxpayers as well. Wisconsin was predicted to be substantially in the black by the end of the fiscal year before Walker began making gifts to the business community, gifts capped by a large reduction in taxes.

“Imperfect” doesn’t really come close to expressing how brazen it is to attack unions who are the governor’s political opponents while rewarding those unions which supported his candidacy.

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