Saturday, October 2, 2010

Believe It or Not

The government at all levels is being overwhelmed by its compensation practices. Staggering pension and healthcare liabilities, if unchecked, will bankrupt either the economy or government budgets. Paying above market wages and benefits raise taxes and reduce funds for other government services.

The Wall Street Journal reports that New York City pays $100 million to teachers who were laid off due to their school being closed. Moreover, 59% hadn't applied for school openings nor attended teacher job fairs.

If we pay people for not working, don't be surprised when they don't work.

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