Skip to main content

View Diary: 60 Minutes joins austerity bandwagon (204 comments)

Comment Preferences

  •  It is very interesting... (9+ / 0-)

    but the whole strategy during the last 3 decades by unions substituting cash wages for more generous benefits is backfiring now because it was easy to give a promise to pay in 20 years but harder to give hard cash that had to be paid in the current budget year.

    Now all of those years of trading cash for benefits has added up and now state governments especially are looking to take some of those benefits back...and with no cash in return...

    Which all goes back to benefits being tax free and cash being 100% taxable...distorting the negotiation process..

    Obama - Change I still believe in

    by dvogel001 on Mon Dec 20, 2010 at 10:24:55 AM PST

    •  Good observation nt (1+ / 0-)
      Recommended by:
    •  This is exactly (2+ / 0-)
      Recommended by:
      Farlfoto, orson

      what is happening with social security. And this isnt some random ideological thing. To Wall street and t he plutocrats Social security is the biggest payday in history just waiting for them to scam it into their pockets. To the politicians it is a huge fund theyve been borrowing from and spending for generations and they dont want to pay it back.

      This is the real endgame. Your senator, sitting on millions and knowing the longer he's in the senate the faster that grows (funny coinkydinky there eh) wants that money headed to wall street asap and barring that wants to reneg and hand it out to his buddies who are filling his pockets.

      Voters will choose a person who fights a losing battle for his principles over one who fights winning battles against them every time.

      by cdreid on Mon Dec 20, 2010 at 10:57:54 AM PST

      [ Parent ]

    •  If you tax the benefits, people end up having to (1+ / 0-)
      Recommended by:

      pay taxes on money they don't really have.  

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site