If you follow the rule in life to follow the money, the money trail increasingly is leading to a union pension, a union wage or a union contract. And it’s putting America’s cities out of business.
As more municipalities begin to eye bankruptcy proceedings as a way out of their financial mess, many believe that one great advantage of bankruptcy proceedings is that it will allow the nullification of fat union wages, pensions and other benefits that taxpayers in the private sector don’t get.
But if the example of Stockton, California serves as a guide, city officials would rather screw taxpayers and bondholders than take the union-led public employees off the state-sponsored tit.
And of course they would.
Public employee unions make public campaign contributions to politicians precisely for the exigency when taxpayers’ interest conflict with the interests of public employees.
Follow the money.
(Excerpt) Read more at finance.townhall.com ...
