Hey, Rahm: Quit blaming public employees for your budget crisis!
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Chicago is facing a pension shortfall for its police officers, firefighters, teachers and other municipal workers. If you’ve followed this story, you’ve probably heard that the only way Mayor Rahm Emanuel can deal with the situation is to slash those workers’ pensions and to jack up property taxes on those who aren’t politically connected enough to have secured themselves special exemptions.
This same fantastical story, portraying public employees as the primary cause of budget crises, is being told across the country. Yet, in many cases, we’re only being told half the tale. We aren’t told that the pension shortfalls in many locales were created because local governments did not make their required pension contributions over many years. And perhaps even more shocking, we aren’t told that while states and cities pretend they have no money to deal with public sector pensions, many are paying giant taxpayer subsidies to corporations — subsidies that are often far larger than the pension shortfalls.
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http://www.salon.com/2014/04/11/chicago_exemplifies_americas_pension_bait_and_switch_partner/
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