The Black Vault

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.

I was going to have a pension...would have been nice for it to be 90% of my income forever. Cashed it out though

How many people, though, are going to actually give up money, lots of money, to make sure the government, which is often invisible, has a balanced budget?

It's a lot like the not my back yard mentality.

at1with0 wrote:I was going to have a pension...would have been nice for it to be 90% of my income forever. Cashed it out though

How many people, though, are going to actually give up money, lots of money, to make sure the government, which is often invisible, has a balanced budget?

It's a lot like the not my back yard mentality.

Peope self-sacrificed to make the tough decisions.

The numbers are out in Wisconsin. Bear in mind, Scott Walker ended public-sector-union collective bargaining. An unbelievable 38% of public-sector union workers voted to keep him in office! And an equally unbelievable 48% of family members with close family in public sector unions, voted to keep him. Incredible, and completely unexpected. The Democrats really have no choice but to walk away and pretend this isn't all that big of a deal. But this is really huge. And it paves the way for Romney to run on these issues and possibly win the presidential election. The people--many of whom are silent, non-politically-active fiscal conservatives--are TERRIFIED of another 4 years of Progressive-Liberal-Socialist leadership; especially seeing the direct results of these Liberal policies across the pond in Europe.

I know it's a bitter pill for folks like Humphreys to swallow; but the mainstream in America does not hold European political and fiscal policies in very high regard. I get the feeling that many Europeans consider their leaders as "standard-bearers," leading the way to a better world. Most Americans would completely disagree. But it's not meant to be insulting, it's just a matter of priorities. You have to understand.. it was just a couple hundred years ago when our forefathers ran over here to get away from government intervention; with the goal (obviously among other things) to establish individual liberty. Yes, individual liberty comes with some risk; but mainstream America prefers a risk/reward scenario over a Nanny-State that distributes incomes and discourages the pursuit of personal wealth. Mainstream America wants the government out of our lives but for the bare minimum intervention possible which is basically to keep the roads paved and borders secure.

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.

something's gotta give...