What About Wisconisn: Part II

Throughout the debate in Wisconsin, I have been listening for a more thorough discussion on a larger but very related issue relevant to all workers public & private but all I have heard is silence. Quite aside from the Wisconsin's Governor's goal to break collective bargaining, this whole dispute has crystallized something far bigger for me. Companies public & private have been playing fast & loose with their pension funds for years, which is the unspoken piece of fact in this debate. It seems to me that at least in part, public employees are being asked to provide a solution to the state government's own greed & mismanagement. Why? Now that the bill is about to become due for scores of retiring employees, these governors are in a panic. Retirement funds have been in greater danger than social security for the last 10-15 years. The current debate is like a "fig leaf" designed to mask the larger reality. As retirement of the baby boomers begins to roll out, new retirees are going to have a rude awakening at precisely the same time when our national debt requires that we make cutbacks in social security.

The By-product Of Ending Collective Bargaining

Howward Feinman of MSNBC & other pundits have also suggested that the GOP as a whole sees this as a means of diffusing a powerful political machine that always operates against them in every election. More significantly, the net result would be to stick a dagger in the Democrats financial machine. They speculate that if Walker & other governors are successful, it could translate to something like a 200 million dollar loss to the Democrats' electoral machine.  If Walker & the other governors succeed, get ready for a very different looking electorate as well as a different definition of the "American Dream." That's my opinion. What's yours?

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