Quote:
Originally Posted by Locke
Hey, I can fix the deficit problem without laying off or rolling back the wages of a single teacher or nurse. I've got a sure-fire plan.
The funny part is that reading that sentence you're probably expecting a witty remark or off-the-cuff humurous answer, but I'm serious:
Public Service Pensions.
They're insane. They cannot continue as they are.
Budget after budget the Province pumps more and more money into the public sector and yet budget after budget nurses and teachers complain incessantly that they dont have enough funding.
And they're not wrong.
Most of that public funding goes to non-operating expenses. It goes into funding the world's greatest security blanket.
|
That's a fight that's been a long time coming but no government is willing to fight it. Look at the states, in some areas the public sector pensions are literally bankrupting the local and state governments.