August 18, 2010

Might It Come to This?

A bill to reduce spiking of CA state pensions has been so watered down by union forces that backers have withdrawn support. (Apparently CA pensions are based on the last year's compensation, and employees are allowed to include things like unused vacation, sick time, and uniform allowances in that amount.)

I fantasize that the public unions will be willing to sell CA to the Chinese if that will get their pensions paid. When it comes to that, the dollar might be worth so little that it would be a bargain for the Chinese. A bargain for everybody except the country the public employees are supposedly working for.

But you can't really blame government workers for driving the best bargain they could get. The real blame lies with the employters who acceded to the ruinous obligations.

In a future, fiscally ruined America, can we envision a series of drumhead courts for the legislators who voted for those benefits, the executive branchers who proposed them, and their heirs? If you proposed or supported a bill that contributed to the state's bankruptcy, your assets get confiscated even if you're dead.

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