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The People vs. Unions: Cash, Credit and Corruption ^ | November 20, 2012 | John Ransom

Posted on 11/20/2012 4:11:35 AM PST by Kaslin

While it’s a truism that for every finger you point at someone else you’ve got three pointed right back at you, for liberals it’s part of their laws of physics.

It would be impossible for the laws of liberals to govern without this binding hypocrisy that keeps them in orbit.

That’s why it shouldn’t surprise you that for all the leftist rhetoric about corporations and greed contributing the decline of the country, there’s one corporate outfit that’s really screwing up this country- and it’s a creation and a creature of the left.

Like most Big Left organizations it is a corporate body that is funded by you and I, but serves only the holy trinity of liberals, leftists and liars.

That corporation is, of course, Union, Inc.

Some call it Big Labor, but that’s an insult to the dignity of labor.

And if you want to see examples of corporate personhood gone bad you needn’t look to Wall Street. No; the stakes there are too high and the disclosures too transparent for mere corporation law to shield corporations from poor governance.

The laws of economics- the real laws, not the theories- usually take care of things in the private, corporate marketplace.

Instead- like many things in the country- you need to look farther left for real-life examples of rogue corporate personhood.

Union domination of the Democrat Party has become so entrenched- and so full of government money- that it’s impossible to tell if Union, Inc. is the parent corporation of the Democrats, or if the Democrats control the unions. And the symbiotic and sybaritic relationships between the unions and the Democrats have helped screw up corporations, municipalities and public policy in this country for too many decades.  

Even as the so-called recovery notches another year, and state revenues begin to stabilize, municipalities and school districts are increasingly filing for bankruptcy in order to containing the rising cost of benefits demanded by unionized public workers.

In California, the greedy, union-benefits outfit working for public employees, called Calpers, is treated with kid gloves in both law and in practice. Law says that when municipalities file for bankruptcy, Calpers must be paid even if the benefits paid to Calpers are causing the bankruptcy.  Police can be fired, private vendors stiffed, teachers laid off, investors in public debt can get zero pennies on the dollar, but union benefits must be paid.

The city of San Bernardino however is challenging union dominance over their balance sheet. The city is $5 million behind in pension payments, “the city simply says it's broke,” reports the San Francisco Chronicle. But “San Bernardino is treating CalPERS like any other creditor that's not getting paid.”

Of course the Chronicle is livid over union benefits being treated “like any other creditor that's not getting paid.”

“We urge San Bernardino to come to a solution with CalPERS that doesn't involve shorting the fund and its own retirees - or dumping its burdens on California's other taxpayers,” says the Chronicle.

But that’s exactly what Calpers already does.

Calpers is under-funded by anywhere from 55 percent to 75 percent in large part because Calpers uses math that would land private pension managers in jail. Calpers uses annualized growth rates of 7.5 percent when in fact the pension system only returned one percent last year. A 30-year Treasury right now only returns 2.79 percent. Last year the stock market returned zero percent and this year is up about 5 percent.

And really, under the law, a private pension manager would go to jail for using a 7.5 percent assumption to manage their pension fund.

That’s because someone will have to pay the difference between the assumption and the real rate of return. In both the Calpers and the private cases it will be the taxpayers who will pick up the tab.

Why should the city have to lay off workers because previously-elected officials entered into unsustainable retirement programs with unions who bankrolled their candidacies? Or because unions don’t have to use generally accepted accounting practices?

Cities -and states- shouldn’t have to choose between public safety and other necessities so that liberal council members and legislators can have an adequate supply of yard signs and bumpers stickers during an election year.

And taxpayers shouldn’t have to bailout union bad behavior again, just because they bought the Democrats with cash, credit and corruption.

TOPICS: Business/Economy; Culture/Society; Editorial

1 posted on 11/20/2012 4:11:40 AM PST by Kaslin
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To: Kaslin
Prop 2 was defeated 58/42 in Michigan so let the conversation begin.

Proposal 2 Power Grab Demands Review of Government Unionism
2 posted on 11/20/2012 4:20:53 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Kaslin

About 7% of American workers in private industry are union.

The NLRB wants to force every single employer in the country to hand over all personal information plus all payroll information on EVERY SINGLE EMPLOYEE to the Unions. I grew up being told that such information was only between the employee—the employer-=-the Social Security Acministration & the IRS.

Handing such information over to the unions, who have no self-control at any level, would be a serious breach of the faith of the American worker.

Would an employee find themselves fighting a forged ‘yes,I want the union ‘ card?

Would the employee find themselves deluged by Identity Theft?

Would the employee find themselves suddenly registered as Democrat?

Would other mysterious events keep the employee reeling??

How much trouble would be given to the company? Payroll records include various tax ID’s which are used by the Feds & the states and letting such information sprawl all over the world would not be a wise idea.

We already have massive voter fraud. What kinds of fraud could all of this lead to? Company bank accounts being hacked & drained?

How much I get paid is strictly between me and my employers. It is not for the union to know or decide anything about.

Many employees like myself finally refused to accept a job which required union membership. I actually went out on my own and became self-employed to have more control over whom I worked for and whom I didn’t. Unions never did me any favors. They lied to me and fellow union members & put us out on strike with phoney strike vote results when I was a grocery checker. They-the Teamsters—actualy added money to our monthly union dues ‘to help pay for Jimmy Hoffa’s legal costs’ when he was on trial for stealing OUR pension funds! That’s like paying for your spouse’s lawyer in a divorce!!

We never once made back the money we lost in those strikes.

America doesn’t need any further damage to it’s economy. Trumpka is a thug & needs to be recognized as such.

Obama will do anything to destroy America. This is just one facet of his actions.

3 posted on 11/20/2012 6:59:14 AM PST by ridesthemiles
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To: Kaslin

Excellent piece.

Leftists complain that “corporations aren’t people, live forever, can never die.” Hmm sounds like the teachers’ union.

Not one teacher currently here where I work actually voted voluntarily for its presence. It was just “here” when they were hired, will be here when they are long dead, and they must comply with its inefficient, unjust rules forever...

4 posted on 11/20/2012 4:51:05 PM PST by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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