Wishful thinking but public-sector big labor took a HUGE hit from the American citizens yesterday. Scott Walker, despite big-labor throwing all they could muster at him and Obama launching a get-out-the-vote ground campaign, survived the recall in a veritable land-slide victory over the Democrat. And San Diego and San Jose of all places, just had their liberal citizens vote by a whopping 70%, to cut public-sector pension plans for people who are still working in an effort to help restore budget balance. So many people voted in favor of these cuts, that experts say it's inevitable that even labor-union employees voted to cut their own pensions. People are waking up and smelling the Greek coffee brewing.
I think the public are starting to realize that if we maintain the status quo, we will end up like Greece, so we better do something now before it's too late. Public-sector pension plans in California pay retirees 90% of their salary for the rest of their life. That is just ridiculously unsustainable and pension-plan payouts are bankrupting cities all over the nation.
This is just the beginning.