Are government unions driving America into bankruptcy?
Topic: Are government unions driving America into bankruptcy?
June 16, 2019 / By Asceline Question:
4/1/11 WSJ: If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
Best Answers: Are government unions driving America into bankruptcy?
Zeke | 7 days ago
First let me address "Angelina"- You need to do some homework. The Republicans did NOT create our economic mess, this was as a result of decisions and policies made during the Clinton administration. Get a clue, ok?
The unions are a big drain on the states. There pay is often 25% more than their private counterparts. They pay less into their pension plans and health care plans than their private counterparts and it goes on and on. A good example is in Ohio where the Public Unions are battling with thGovernoror. IF the Unions were paying the same amount into the pension and health care plans as do those in the privatsectortr they would save the tax payers $400 million a year!
Across the states the pensions plans are underfunded by $1 trillion. Who is going to pay that bill?
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Originally Answered: Employee Unions in America are not good for U.S. small businesses?
Unions are good for everybody. Many employers, however, prefer to run a feudal fiefdom where the workers are forced to take whatever scraps their 'lord and master' tosses to them.
There are employers who are pro-union. Many construction companies will tell you that they are glad to have a highly qualified union workforce to get jobs done on time and under budget.
I believe with this, every state in America today except for two—Indiana and Wisconsin—has more government workers on the payroll than people manufacturing industrial goods. Consider California, which has the highest budget deficit in the history of the states. The not-so Golden State now has an incredible 2.4 million government employees—twice as many as people at work in manufacturing.
You know this isn't going to get better. Don't expect a reversal of this trend anytime soon. Surveys of college graduates are finding that more and more of our top minds want to work for the government. Why? Because in recent years only government agencies have been hiring, and because the offer of near lifetime security is highly valued in these times of economic turbulence. I think this is what they meant by bringing back dignity to people - that instead of just sitting on welfare and not supporting the state that they can now take up their mantle as slave to the state. There was an article yesterday I believe stating that people would need to start scrubbing the floors and walls in subways to receive their welfare checks.
Well, then in order for a country to succeed, we have to MAKE things... not TAKE things. Have a bless day.
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Wall Street Derivatives and two off the books wars drove the USA into near bankruptcy.
7% of the entire population earning middle-class wages did not.
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A police officer can retire after 25 years on the job & could potentially get 65 years pay for 25 years work.
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Look here is the obvious answer ok......republicans brought the country to a recession, whoever got into office was going to have to deal with a problem that would not be fixed for years. Obama had to borrow money to save the country ..many people in 2008 predicted things would be far worse, they predicted a depression. But now, because he did what he had to do to help put the country back on track, we should blame him and put those same republicans right back in office. Right?
Remember in 2008, when everybody was using the word recession and saying it was only going to get worse, it's going to be like the great depression, ....are you hearing people say recession anymore? No, now they're mad at Obama for doing what he had to do to save the country by borrowing money. Kind of like when my brother got credit in my father's name and messed his credit up and then ---- I HAD TO GET A LOAN --- to help get dad's credit back on track, it's getting better every year.But I know one thing, my dad would have to be an idiot to allow my brother to use his credit again, .....and I feel American's would be pretty silly to put the Republicans who caused this mess right back in office.
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Originally Answered: Is GM (Government Motors) headed for bankruptcy?
Buisnesses who make crappy cars go out of of buisness as they should
the above sentence is true but doesnt emply to GM cars especially the cadillac
when i drive a bmw x something i feel its nice and smooth but also has power
same thing with the mercedes e500 i kinda have the same feeling and with the range rover sport supercharged same thing
but when i drive a GM car (cadillac escalade,cts)
i think to myself why arent all the cars as amazing as these are
i dont know how to explain it
but you cant say that GM cars are crap
GM was loosing too much money a couple of years back and GM had no other way to stay alive than to side with the goverment
GM still makes amazing cars though
36 billion in revenue
2.7 in billion in profit
which is good
so to answer your question again is GM headed for bankrupcy
the answer is NO
hope i helped :)
if you want you can email me at [email protected]