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Union Greed

From Greece to Sacramento, from Washington D.C. to Peoria, public union greed is closing fire houses and school houses. Unions disconnect from the rational economic model of their hosts and eventually kill the host. “Hundreds of University of California students rallied against a 32% tuition hike last week. Let’s hope their future employers get a better work product. With just a little research, the students could have discovered that compensation packages won from the state by unions were a big reason for the hike… Get ready for more. The governor’s office projects that over the next decade the annual taxpayer contributions to retiree pensions and health care will grow to $15 billion from $5.5 billion, and that’s assuming the stock market doubles every ten years. With unfunded pension and health-care liabilities totaling more than $122 billion, California will continue chopping at higher-ed.” (WSJ 3/10/10)

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