Sunday, December 18, 2011

Walker's Other Big Lie

We already know that Scott Walker is lying through his weasel teeth when he claims that he campaigned on busting the unions.

Now we know why Walker didn't campaign on this.  It was an even bigger lie.

Via Rick Ungar at Forbes, one can find the true story behind the benefits public sector workers are getting:
Out of every dollar that funds Wisconsin' s pension and health insurance plans for state workers, 100 cents comes from the state workers.

How can that be? Because the "contributions" consist of money that employees chose to take as deferred wages – as pensions when they retire – rather than take immediately in cash. The same is true with the health care plan. If this were not so a serious crime would be taking place, the gift of public funds rather than payment for services.

Thus, state workers are not being asked to simply "contribute more" to Wisconsin' s retirement system (or as the argument goes, "pay their fair share" of retirement costs as do employees in Wisconsin' s private sector who still have pensions and health insurance). They are being asked to accept a cut in their salaries so that the state of Wisconsin can use the money to fill the hole left by tax cuts and reduced audits of corporations in Wisconsin.
The author goes on to say that Walker's stunt is a pay cut to the public sector worker.

I'd say a more accurate description would be that he is stealing from the workers and giving the money to his cronies and campaign donors.

The man simply has to be removed from office and I, for one, don't want to wait for him to be indicted in the ongoing Walkergate investigation.

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