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http://nlpc.org/stories/2012/11/15/new-book-highlights-dange...

"The unbridled growth of crony unionism and government corruption will destroy the United States as we know it." This statement may strike many as sheer hyperbole. But its author, Mallory Factor, a political scientist at The Citadel, knows whereof he writes. His new book, "Shadowbosses: Government Unions Control America and Rob Taxpayers Blind" (New York: Center Street), makes a credible case, and a well-sourced one, that our country may be in the early stages of a ruinous dystopia, courtesy of public-sector unions. In pursuing their interests, argues the author, these labor organizations hold taxpaying citizens hostage to unsustainable wage/salary, pension, health care and other contractual commitments. Municipal bankruptcy filings this year by San Bernardino and Stockton, Calif. may be a mere taste of things to come.
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As for the fiscal crisis of state governments, the book likewise is unsparing in its assessment of union motives and activity - and with good reason. States, even more than localities, really are locked into union-negotiated contracts. Trillions of dollars in long-term unfunded liabilities, most of all for pensions and retiree health care, pose a potential fiscal meltdown, especially in heavily unionized states such as California, Connecticut, Illinois and New Jersey. The authors write:

(A)s states spend more money on salaries and benefits for current government workers and pension costs for retired workers, these states have less and less left in their budgets for essential services. But currently there is no way for states to get out from under crushing compensation and pension arrangements that were negotiated with the government employee unions. States are not permitted to declare bankruptcy and seek protection against their creditors, although cities are.
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Good article, bad things gonna happen soon.
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So that the rest of us don't go blind, here's what 2828 was trying to say:

coming time bomb
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So that the rest of us don't go blind, here's what 2828 was trying to say:

coming time bomb
__________________________

Remembering back to my teenage years, I can tell you with zero and I mean zero hesitation, that what they told me would make me go blind had nothing at all to do with 28s in any way shape or form!!!!!!!
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lowstudent wrote: what they told me would make me go blind had nothing at all to do with 28s in any way shape or form!

I forgot about that. I stand humbly corrected. ;-)
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Yesterday at TD dinner, I was probably the only conservative at the table. The discussion turned to Social Security going bankrupt. I said, "Well, Social Security should not have become the law of the land to begin with."

One elderly guest said, "You are dismissed!" She explained her attitude by saying that when she was 35 years old with three small children, her husband died. Her perception is were it not for Social Security survivor benefits, they would have been forced to sleep in the family car.

CC: Did your husband have a life insurance policy that named you and your children as beneficiaries?

EW: He had no life insurance; that's why Social Security was a life saver.

CC: No, Social Security was the last resort. Had your husband done the responsible thing and protected his young family with life insurance coverage, you would've received a chunk of money and not had to rely on the government to support you every month. With the same money your husband was forced to contribute to Social Security, he could have purchased a policy that would have protected you better than Social Security.

EW: At the time, we couldn't afford to buy life insurance.

CC: Every family's budget involves prioritizing. Instead of purchasing better protection for yourselves with your own money, you were forced to put some of your husband's earnings in a mandatory community pot. Instead of perceiving this as an infringement on your personal liberty, you see it as the government coming to your rescue. Do you see how you've been brainwashed?

EW: All I know is I could not have survived without Social Security.

The life insurance industry apparently has done a poor job of marketing.
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