
 |
|
Feb. 8, 2013
|
| |
Jewish World Review
May 14, 2012/ 22 Iyar, 5772
Walker recall vote could swing national pension policy
By
Jay Ambrose
http://www.JewishWorldReview.com |
Gov. Scott Walker of Wisconsin may not have done every single thing right in his 16 months in office, but he did one thing right, powerfully right. He stood up to public employee unions turning many states and localities into places with little chance for good days ahead, and for that reason he is facing a recall election. It is also for that reason he should win.
This tipping-point contest comes up June 5 and pits him against the Democratic mayor of Milwaukee, Tom Barrett. It's huge for this nation because it will announce one of two things:
If Walker wins, the outcome will say to officials in other states that they, too, can possibly continue the fight for fiscal sanity and get away with it.
If Walker loses, the result will indicate to some that they had better keep bowing to the clout of unions that can deliver major voting blocs, contribute millions to campaigns, and, if you oppose them, come at you with unruly rallies before they come at you with recall elections.
Remember the rally in Madison when scary, threatening, yelling protesters pursued a Wisconsin state senator around the state capitol? I think it's an image to keep in mind as symbolic of how these outfits operate, although we should not forget the senseless rationale, either.
The not-so-calm, not-so-rational, not-so-respectable Wisconsin demonstrators told us that the Republican plan to restrict collective bargaining with government was an abridgment of a basic right. That's a piece of silliness echoed by scores of journalists who should have known, among other facts, that the federal government restricts collective bargaining with its unions more than Walker wanted in his state, and with no principled obligation to do otherwise.
The already abridged rights are those of the citizenry to get responsible representation. They have not received any such thing from too many elected officials who made pension promises that could never be fulfilled, leading instead to the sort of disaster we are now seeing in Stockton, Calif. Officials there gave unions sweetheart deals along with other acts of fiscal recklessness. The city ran out of money, the police force had to be reduced for lack of funds -- and murders went up.
The officials who played pension games all over the nation may have figured they themselves would be retired before crisis days arrived. They obviously did not figure on a financial collapse and major recession coming along when they did, but that hardly lets them off the hook. They were like the Wall Street brokers who put other people's money carelessly at risk before the housing bubble burst.
Some people would have you believe there is nothing to fret about because 41 states have taken action to effect such reforms as slowing the growth of public pension obligations. It is also said pension investments will pay off dramatically as the stock market recuperates. Check out an expert such as Girard Miller of the highly respected magazine, Governing, and you learn it is not so easy.
We must deal with already existing pension obligations that far exceed anticipated revenues, he says. As for stock markets being the answer, he tells us that would require a consistent, never-failing 14 percent return on investment for the next decade to make up the $2.5 trillion in unfunded liabilities for pensions and medical benefits promised to retired employees.
None of this means we should now aim to punish public employees counting on reasonable pensions, but the worst retirement danger for these Americans could be pension fund defaults, it has been pointed out. There has got to be some give, and it would help if there were a victory in Wisconsin letting elected officials elsewhere know they can battle for an American future that works and get away with it.
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Comment by clicking here.
Jay Ambrose, formerly Washington director of editorial policy for Scripps Howard newspapers and the editor of dailies in El Paso, Texas, and Denver, is a columnist living in Colorado.
Previously:
• 05/07/12: Bumbling, fumbling, benighted, old Washington near tipping point where freedom is done for
• 05/02/12: The Communists cannot be happy
• 04/30/12: There's no objective truth, least of all concerning behavior
• 04/25/12: Forgive the extremist?
• 04/23/12: Educational excellence is a game
• 04/18/12: Obama's interventions help a few by the most autocratic, complicated, ineffective means possible, yet hurt many more
• 04/16/12: Overregulation strikes again: The nanny state threatens to turn us into children
• 04/11/12: Obama is not bonkers
• 04/04/12: Will America vote against authoritarianism?
• 04/02/12: 'Tipping point' on federal restraint approaches
• 03/28/12: Obama truth from an open mike
• 03/21/12: The progressive campaign for voter fraud
• 03/19/12: Public pensions will get us if we don't watch out
• 03/14/12: Politics needs reporting, not speculation
• 03/12/12: Home of the free, the brave, the endangered
• 03/07/12: Obama used Limbaugh as scapegoat
• 03/05/12: Campaign substance lost in media melodrama
• 03/01/12: When Big Brother drowns
• 02/24/12: Obama goes gaseous on gas
• 02/22/12: Political tears for trust in personal empowerment --- except in the bedroom
• 02/17/12: Of cut-off ears and silenced mouths
• 02/15/12: Obama is a joke whose antics aren't funny
• 02/10/12: An energy boom looms, despite Obama
• 02/08/12: Obama's assault on faith
• 02/03/12: Can Romney get serious?
• 01/27/12: Obama is like an Italian ship captain
• 01/25/12: Newt Gingrich's first 100 days
• 01/20/12: Obama's Keystone pipeline lies
• 01/18/12: Critics worse than urinating Marines
• 01/13/12: Ron Paul is a cartoonish character
• 01/11/12: Newt Gingrich upset by Mitt Romney's brilliance
• 01/09/12: How about regulating presidents, too?
• 01/04/12: How America smothers itself
• 12/30/11: A tax break that helps break the nation
• 12/28/11: Watch out for the banana peel, Newt
• 12/21/11: A tale of two men
• 12/16/11: Strange happenings in Russia
• 12/14/11: Tim Tebow is a man of character
• 12/09/11: A populist, envy-mongering fraud divisively exacerbating resentment among different groups of Americans
• 12/07/11: Tax games threaten nation
• 12/05/11: Why Wal-Mart serves us better than Barney Frank
• 11/30/11: Not writing off Newt
• 11/28/11: Answers to the Iranian threat
• 11/23/11: Failure of the incumbency investment
• 11/18/11: Occupiers: Chop off their heads!
• 11/16/11: Obama asks jobless to sacrifice
• 11/09/11: Michael Moore's insufferable occupation
• 11/04/11: Political tipping point is coming
• 11/02/11: Idealogues versus 7 billion
• 10/28/11: Obama games on student loans
• 10/26/11: Wit and quick moves v. humanity and thoroughgoing honesty? It's no contest - or at least shouldn't be
• 10/07/11: Baptists, bootleggers and Wall Street protesters
• 10/05/11: Federal law will get you even if you watch out
• 09/28/11: Leftist bugbears on the march
• 09/23/11: Still hope for coal to help us
• 09/21/11: Obama's Madoff ploy
• 09/19/11: U.S. can't afford to wait until it happens
• 09/14/11: Defending -- and strengthening -- gung ho collectivism
• 09/12/11: A pipeline to better times
• 09/08/11: Obama just keeps destroying jobs
• 09/06/11: Ultra-feminists thwarting justice
• 08/31/11: Corporations are people? Yes, Count the ways
• 08/26/11: What an earthquake tells us about debt
• 08/25/11: The tyranny of scientific consensus
• 08/23/11: Fracking hardly a public health threat
• 08/17/11: Why Obamacare won't control births
• 08/15/11: Balanced budget amendment unbalanced idea
• 08/10/11: Kerry's war on citizen speech
• 08/05/11: Upside to the compromise leaving the door open for obnoxious maneuvers
• 08/03/11: The people who may save America
• 07/29/11: On making deals, Obama is no LBJ
• 07/27/11: The threat behind the debt
• 07/23/11: Mean opposition to means-testing
• 07/20/11: Leftist babble makes debt crisis even worse
• 07/18/11: Time to raise demagoguery ceiling
• 07/13/11: Obama treating treaties badly
• 07/08/11: Is decline of U.S. exaggerated?
• 07/05/11: Not math deficiency, but demagoguery
© 2011, SCRIPPS HOWARD NEWS SERVICE
|
|

Arnold Ahlert
Mitch Albom
Jay Ambrose
Michael Barone
Barrywood
Lori Borgman
Stratfor Briefing
Mona Charen
Linda Chavez
Richard Z. Chesnoff
Ann Coulter
Greg Crosby
Alan Douglas
Larry Elder
Suzanne Fields
Christine Flowers
Frank J. Gaffney
Bernie Goldberg
Jonah Goldberg
Julia Gorin
Jonathan Gurwitz
Paul Greenberg
Argus Hamilton
Victor Davis Hanson
Betsy Hart
Ron Hart
Nat Hentoff
Marybeth Hicks
A. Barton Hinkle
Jeff Jacoby
Paul Johnson
Jack Kelly
Ch. Krauthammer
David Limbaugh
Kathryn Lopez
Rich Lowry
Michelle Malkin
Jackie Mason
Ann McFeatters
Dale McFeatters
Dana Milbank
Jeanne Moos
Dick Morris
Jim Mullen
Deroy Murdock
Judge A. Napolitano
Bill O'Reilly
Kathleen Parker
Star Parker
Dennis Prager
Wesley Pruden
Tom Purcell
Sharon Randall
Robert Robb
Cokie & Steve Roberts
Heather Robinson
Debra J. Saunders
Martin Schram
Culture Shlock
David Shribman
Roger Simon
Michael Smerconish
Thomas Sowell
Ben Stein
Mark Steyn
John Stossel
Cal Thomas
Dan Thomasson
Bob Tyrrell
Diana West
Dave Weinbaum
George Will
Walter Williams
Byron York
ZeitGeist
Mort Zuckerman

Robert Arial
Chuck Asay
Baloo
Lisa Benson
Chip Bok
Dry Bones
John Branch
John Cole
J. D. Crowe
Matt Davies
John Deering
Brian Duffy
Everything's Relative
Mallard Fillmore
Glenn Foden
Jake Fuller
Bob Gorrel
Walt Handelsman
Joe Heller
David Hitch
Jerry Holbert
David Horsey
Lee Judge
Steve Kelley
Jeff Koterba
Dick Locher
Chan Lowe
Jimmy Margulies
Jack Ohman
Michael Ramirez
Rob Rogers
Drew Sheneman
Kevin Siers
Jeff Stahler
Scott Stantis
Danna Summers
Gary Varvel
Kirk Walters
Dan Wasserman

Mr. Know-It-All
Ask Doctor K
Richard Lederer
Frugal Living
On Nutrition
Bookmark These
Bruce Williams
|