How to Bust Unions: 1. Cut corporate taxes to substantially reduce revenue 2. Invent an imaginary budget crisis 3. Eliminate collective bargaining for unions (which, by itself, does not save a single penny) 4. Bust unions Why has Wisconsin's revenue fallen? Here is why: $25 million for an economic development fund for job creation, which still holds $73 million because of anemic job growth. $48... [more]
How to Bust Unions:
1. Cut corporate taxes to substantially reduce revenue
2. Invent an imaginary budget crisis
3. Eliminate collective bargaining for unions (which, by itself, does not save a single penny)
4. Bust unions
Why has Wisconsin's revenue fallen? Here is why:
$25 million for an economic development fund for job creation, which still holds $73 million because of anemic job growth.
$48 million for private health savings accounts -- a perennial Republican favorite.
$67 million for a tax incentive plan that benefits employers, but at levels too low to spur hiring.
http://tpmdc.talkingpointsmemo.com/2011/02/wisconsin-gov-walker-ginned-up-budget-shortfall-to-undercut-worker-rights.php#
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Response by Socialist
almost 15 years ago
Posts: 2261
Member since: Feb 2010
"Let's start with the fact that many of these teachers did not graduate "reasonably good" colleges"
So what? It means they were smart enough not to attend some overpriced college that costs $50,000 a year. You can't call yourself smart after you just graduated with a $200,000 bachelors degree.
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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009
Paying everyone a good salary regardless of talent, merit, or productivity is... welfare.
> You can't call yourself smart after you just graduated with a $200,000 bachelors degree
You can when it helped you make $500k more than the person without one.
And who said it has to be an expensive college, genius? There are CERTAINLY good colleges that are much, much less.
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Response by HT1
almost 15 years ago
Posts: 396
Member since: Mar 2009
The crises is do to congress and govt policies not Wall Street. And most of "Wall street" has nothing to do with mortgages- people in M&A, ECM, equity research, private equity, etc , etc.
Most americans have no idea what people on wall street do.
LOL that what the thieves of Wall Street hope for LOL
Who e.g. did package the nuclear stuff also called subprime and made it AAA???
And who made this possible in the first place? The Thieves of Wall Street lobby who was able to change certain laws to get this going - 'they' called it 'deregulation' LOL
May I refresh your memory?
In recent years, Merrill Lynch, the huge investment bank that has long been involved in packaging mortgages for sale, has made a concerted effort to get directly involved with subprime lending. It took a 20 percent stake in OwnitMortgage Solutions, a startup subprime lender that closed last December. Aside from losing its investment, Merrill was listed as Ownit's largest unsecured creditor: The bankrupt firm owed Merrill $93 million. And Merrill could also be facing more subprime woes. Last September, when cracks were already appearing in the subprime market, Merrill paid $1.3 billion for subprime lender First Franklin Financial Corp. At the time, the company said it expected "the acquisition to be accretive to its net earnings and earnings per share by the end of 2007," meaning it would add to profits.
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Response by Riversider
almost 15 years ago
Posts: 13572
Member since: Apr 2009
According to Bernanke the problem was due to over-eager foreigners driving up the prices of super safe AAA u.s. assets. Wall Street was just accommodating that demand. That's not my opinion but that of the head of the Federal Reserve who is also a regulator.
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Response by Riversider
almost 15 years ago
Posts: 13572
Member since: Apr 2009
MADISON, Wis. (AP) -- Republicans in the Wisconsin Senate voted Wednesday night to strip nearly all collective bargaining rights from public workers after discovering a way to bypass the chamber's missing Democrats.
All 14 Senate Democrats fled to Illinois nearly three weeks ago, preventing the chamber from having enough members present to consider Gov. Scott Walker's so-called "budget repair bill" - a proposal introduced to plug a $137 million budget shortfall.
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"Let's start with the fact that many of these teachers did not graduate "reasonably good" colleges"
So what? It means they were smart enough not to attend some overpriced college that costs $50,000 a year. You can't call yourself smart after you just graduated with a $200,000 bachelors degree.
Paying everyone a good salary regardless of talent, merit, or productivity is... welfare.
> You can't call yourself smart after you just graduated with a $200,000 bachelors degree
You can when it helped you make $500k more than the person without one.
And who said it has to be an expensive college, genius? There are CERTAINLY good colleges that are much, much less.
The crises is do to congress and govt policies not Wall Street. And most of "Wall street" has nothing to do with mortgages- people in M&A, ECM, equity research, private equity, etc , etc.
Most americans have no idea what people on wall street do.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
LOL that what the thieves of Wall Street hope for LOL
Who e.g. did package the nuclear stuff also called subprime and made it AAA???
And who made this possible in the first place? The Thieves of Wall Street lobby who was able to change certain laws to get this going - 'they' called it 'deregulation' LOL
May I refresh your memory?
In recent years, Merrill Lynch, the huge investment bank that has long been involved in packaging mortgages for sale, has made a concerted effort to get directly involved with subprime lending. It took a 20 percent stake in OwnitMortgage Solutions, a startup subprime lender that closed last December. Aside from losing its investment, Merrill was listed as Ownit's largest unsecured creditor: The bankrupt firm owed Merrill $93 million. And Merrill could also be facing more subprime woes. Last September, when cracks were already appearing in the subprime market, Merrill paid $1.3 billion for subprime lender First Franklin Financial Corp. At the time, the company said it expected "the acquisition to be accretive to its net earnings and earnings per share by the end of 2007," meaning it would add to profits.
According to Bernanke the problem was due to over-eager foreigners driving up the prices of super safe AAA u.s. assets. Wall Street was just accommodating that demand. That's not my opinion but that of the head of the Federal Reserve who is also a regulator.
MADISON, Wis. (AP) -- Republicans in the Wisconsin Senate voted Wednesday night to strip nearly all collective bargaining rights from public workers after discovering a way to bypass the chamber's missing Democrats.
All 14 Senate Democrats fled to Illinois nearly three weeks ago, preventing the chamber from having enough members present to consider Gov. Scott Walker's so-called "budget repair bill" - a proposal introduced to plug a $137 million budget shortfall.
http://hosted.ap.org/dynamic/stories/U/US_WISCONSIN_BUDGET_UNIONS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-09-19-32-37
The Republicans just guaranteed their recall.
how can we recall you?