Wednesday, January 06, 2010

Why we're going broke

Because public sector jobs are continued boulders on the shoulders of private sector workers.....

State and local governments face large budget deficits
as revenues have stagnated and spending has remained at
high levels. To reduce deficits, large savings can be found
in the generous compensation packages of the nation’s 20
million state and local workers. In 2008, wages and
benefits of $1.1 trillion accounted for half of total state and
local government spending.1 This bulletin examines state
and local compensation costs, with a focus on the lucrative
pensions enjoyed by public sector workers.

The the entire piece here......

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