Thursday, December 25, 2008

What If New York Goes Bust? - The Daily Beast

What If New York Goes Bust? - The Daily Beast: "The Alice in Wonderland absurdity of the current budget debates was nicely illustrated by the president of the United Federation of Teachers, Randi Weingarten. She was quoted without irony in The New York Times saying, 'We understand there will be cuts. The real question, will there be cuts, not just cuts against growth, but real cuts that will turn back the clock.'

A close reading reveals that for union leaders like Ms. Weingarten, the only acceptable 'cuts' are not cuts at all, but rather reductions in the rate of increase for public spending. She is willing, in effect, to receive a reduced bonus this year, but not the cut in pay or benefits that would constitute shared sacrifice in a financial crisis."

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