Will Virginia Sabotage Its Economic Success?
For years, Democrat nominee Abigail Spanberger has made it clear she’s ready to throw away Virginia’s reputation as job creation-friendly in order to please her Big Labor patrons.
For decades, the government union bosses in the Golden State have run amok with taxpayer dollars and now the bill is coming due.
From the Los Angeles Times:
Scores of California government agencies continued to sweeten employee pension plans even after the state’s economy began collapsing into recession in 2008, a decision that is now haunting them as they struggle with deficits and deep budget cuts.
A state oversight panel has identified about 180 local governments that increased pension benefits at a time when the state’s unemployment rate was rising, housing prices were falling and the nation’s banking system was in crisis. The enhancements covered thousands of public employees, adding tens of millions of dollars of new debt to local governments, analysts say.
At the time, officials thought the deal made financial sense because the firefighters union agreed to forgo more raises in exchange for new pensions rules that would allow them to retire at age 50 with 85% of their salary if they’d been on the job 28 years. Now, Costa Mesa says it’s facing a $1.4-million deficit and has sent layoff notices to half its employees. Officials plan to eliminate the Fire Department, contracting with the Orange County Fire Authority in a move they say will save money.
Read the Hoover report. More evidence that government worker monopoly bargaining is a bad deal for taxpayers who foot the bill for the political deals cut between the politicians and big labor.
For years, Democrat nominee Abigail Spanberger has made it clear she’s ready to throw away Virginia’s reputation as job creation-friendly in order to please her Big Labor patrons.
Business Item 60, vowing that the NEA would use the word “facism” whenever communicating about policies favored by the President and his many supporters, was just one of several highly controversial 2025 NEA resolutions.
“Union bosses publicly claim to support more apprenticeships in construction. But they do everything they can to keep the number of newly certified journeypersons to a minimum.”