If you thought that the last couple of years were a roller coaster ride then get ready for what is coming this year. Things are so bad that now the public sector people are beginning to scream. Imagine that after millions of private sector jobs have been lost that the Federal Government grew by 200,000 public sector jobs. Obama's mission to make the country a socialist state is now starting to cause some noticeable pain amongst his staunchest supporters. So put your ducks in order now and son't be surprise when the sh*t hits the fan.
Politico
Santelli compares budget crisis to Sept. 11
CNBC's Rick Santelli on Sunday compared the budget crises affecting state and federal balance sheets to a Sept. 11-type attack on the nation.
"If the country is ever attacked as it was on 9/11, we all respond with a sense of urgency," Santelli said in a roundtable discussion on NBC's "Meet the Press" about the Wisconsin labor protests. "What’s going on on balance sheets throughout the country is the same type of attack.”
There have been questions about the appropriateness of collective-bargaining agreements for public employees since the days of President Franklin D. Roosevelt, Santelli added, and states are realizing that pension and benefit costs need to be controlled.
"This is an issue that needs to be put out into the air," Santelli said. "Many other states ultimately — they might not have the same balance sheet as Wisconsin — but collective bargaining from the federal level ... these are big issues, and these costs need to be put under control."
Santelli compares budget crisis to Sept. 11
CNBC's Rick Santelli on Sunday compared the budget crises affecting state and federal balance sheets to a Sept. 11-type attack on the nation.
"If the country is ever attacked as it was on 9/11, we all respond with a sense of urgency," Santelli said in a roundtable discussion on NBC's "Meet the Press" about the Wisconsin labor protests. "What’s going on on balance sheets throughout the country is the same type of attack.”
There have been questions about the appropriateness of collective-bargaining agreements for public employees since the days of President Franklin D. Roosevelt, Santelli added, and states are realizing that pension and benefit costs need to be controlled.
"This is an issue that needs to be put out into the air," Santelli said. "Many other states ultimately — they might not have the same balance sheet as Wisconsin — but collective bargaining from the federal level ... these are big issues, and these costs need to be put under control."
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