An idea to import from Britain

Like that old lawyer joke says…

It’s a good start.

300,000 jobs in public sector face the axe

AT least 300,000 Whitehall and other public sector workers may lose their jobs as the coalition government sets to work cutting the £156 billion budget deficit.

As George Osborne, the chancellor, prepares to unveil the first £6 billion of cuts tomorrow, the full scale of the job losses that will follow has begun to emerge.

The initial savings to be announced will target such items as civil servants’ perks, which include taxis, flights and hotel accommodation.

The package will also include a £513m cut in the budgets for quangos, with some being abolished altogether.

While the first wave of cuts will mainly target Whitehall waste, more severe reductions of up to 25% in some departmental budgets will follow in a comprehensive spending review in the autumn.

Detailed research by The Sunday Times shows that at least 300,000 workers, including civil servants and frontline staff, will lose their jobs over the next few years.

Some estimates suggest that the number of job losses could reach 700,000. These will include tens of thousands of health service managers as well as many thousands of doctors and nurses, according to internal documents from the National Health Service.

There appears to be a constituency for spending cuts.

Remember when you could only find these words on this site?

Public-sector unions bleed taxpayers

The results are plain to see. States such as New York, New Jersey and California, where public-sector unions are strong, now face enormous budget deficits and pension liabilities. In such states, the public sector has become a parasite sucking the life out of the private-sector economy. Not surprisingly, Americans have been steadily migrating out of such states and into states like Texas, where public-sector unions are weak and taxes are much lower.

Public Employee Unionization is unsustainable. Cut pay or cut benefits. If they say “no deal,” go PATCO on them, especially the teachers.

Unions breaking the first rule of a successful Parasite

I don’t know if there is an earlier reference, but the credit for the quote below goes to Spock (really some script writer) in the old “Star Trek” series.

I can’t remember the exact story line, but somewhere in the episode, Spock stated, “The truly successful parasite lives in harmony with its host.”

Unions are bleeding the taxpayers and industries dry. This will not end well.

The Truth About Cars and Trucks

The two parties that turned the Big Three into a perennially limping freak of unwritten industrial policy now will take formal ownership of their handiwork. The United Auto Workers (UAW) would own 39% of GM. The federal government would own 50%. The creditors will be shafted with just 10%. (In the Chrysler plan being discussed, labor would own 55%, making it effectively a subsidiary of the UAW.)

The day after any such settlement is finalized, the clock will start ticking down to the next collective-bargaining session between a monopoly UAW and what remains of the Big Three — though now the UAW would be sitting on both sides of the table.

Lately some have doted, with wonderment and admiration, on the Obama administration’s apparent willingness to drive a hard bargain with the UAW as it tries to impose a stage-managed replica of bankruptcy on GM and Chrysler. Please.

In a real bankruptcy, which is the natural fate of companies unable to meet their obligations, Chrysler and GM would be run (or liquidated) for the benefit of their creditors, not their workers. But, here, “pattern bargaining” will remain the law of the Detroit jungle. The UAW will continue to use its unnaturally augmented clout to extract uncompetitive pay and benefits (it can do no other given its internal incentives). As it has for 40 years, Washington will pitch in with one improvisation after another, disguised as energy policy, trade policy, health-care policy or environmental policy, to stop the rivets from popping off. Politics, especially Democratic electoral politics, will play a more dominant role than ever.

When I read about these auto bailouts, I get depressed. I’m proud to be Anti-Union. I can honestly say that I’ve never understood the collective mindset, and regardless of how I may be outnumbered, I’m damn glad I’ve never suffered from it.

You want to bargain collectively? Fine. But you Union-heads have got exactly what you wanted, the power to destroy the companies that employ you. Once your “public union” counterparts finish off the rest of the productive sector through their pension and tax greed, you can all celebrate in your socialist paradise.

It will be a dismal paradise, with stagflation, British style health care, and stupid lazy people acting like they are working, but hey, you won.

Behold the “Pension” – Destroyer of Civilization

GM should be broken up and sold to any buyer who wants it. All assets should be turned over the the Pension Benefit Guaranty Corp. to cover the costs of taking over GM’s responsibilities.

Pension Agency Sounds Alarm on Big Three

“We take our obligations very seriously, managing our plans with integrity and prudence even during difficult times,” a Ford spokesman said. Chrysler declined to comment and GM couldn’t be reached. Each company has said a bankruptcy filing would be prohibitively expensive and could threaten car sales. However, GM and Chrysler have said they could run short of cash in coming months, barring federal aid.

The Pension Benefit Guaranty Corp. steps in to take over failed pension plans. After studying updated pension information for the auto makers in recent weeks, the agency has grown increasingly concerned that it might have to cover billions of dollars in pensions if one or more of the car companies should file for bankruptcy-court protection.

The agency’s letters were sent as the auto makers scramble to assemble blueprints for congressional leaders demanding viable business plans in exchange for a $25 billion bailout.

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When writng books about the “fall” of Western Civilization (worry not, it will rise again eventually), future analysts and historians will be able to point to the “Pension” as one of the root causes of decline. As our society was able to throw off so much ‘value’ (in terms of lifestyle choices, baubles, and geegaws as well as food and shelter), the society became enamored with the absurd notion that its most productive citizen could quit at age 55 and live of the next generation(s). (which they then, in their laziness and narcissism, decided not to even produce)

This worked for a while, but as millions of public employee unions decided to go along for the ride, and increasingly disconnected soccer moms rubber stamped every increase in a bloated public bureaucracy that was failing miserably (education, fire, police, municipal, – and coming soon! – daycare!) , the system eventually failed.

With the rich lacking all political will to challenge the “tax eaters”, and the corporate chieftans shilling for “free healthcare” instead of challenging the unproductive “zeitgeist” of the times, each layer of burden laid upon the productive induced them to become less productive. EVERYONE wanted their “bailout.”

It was a nice idea, but the system can’t / couldn’t withstand the effects of human nature, which even Barack Obama will not be able to change.

Pensions and retirement that rely on anything other than your own efforts ought to be outlawed.