Tuesday, October 18, 2011

Book excerpt

The powers of the unions are being tested in the country.  The situation in Madison, Wisconsin is quite troubling.   The legislature led by Republicans of course, have passed Governor Scott Walker’s proposed restrictions on collective bargaining for state employees.  The Democratic contingent refused to participate in the process and have made it clear by being absent, that they do not agree with the passing of this legislation.  This is a clear message that the rights of public employees are at stake.  If Republicans can get away with this in Wisconsin, then all of the other states that are in financial ruin are going to try and do the same. 

            Walker and GOP lawmakers are trying to close a $137 million budget shortfall their plan calls for curbs on public employee union bargaining rights, and requires public workers, with the exception of police and firefighters, to cover more of their retirement plans and health care premiums.  Also, employee raises would be capped at the rate of inflation and only the police officers would have the ability to negotiate raises in the near future.

            I just want to speak about some of the major factors that contribute to the attacks on labor unions that represent the public service workers such as teachers, police and firefighters.  Historically, these labor unions have always been major supporters of the Democratic Party.  These unions represent millions of voters who are the lifeblood and lifeline of the Democratic Party. The theory is simple:  if the Republican Party which represents the owner/capitalist class limits the powers of the labor unions; then the Democratic Party will be weakened substantially.  The essence of capitalism is to seek the use of labor on the cheap.  Public service workers cannot be ignored.  The labor unions of public service workers are very strong.  The political power that the labor unions have is very strong as well.  It is no coincidence that the Republicans and Tea Party members for that matter will try an all out attack to weaken them.  It is a useful goal to destroy the Democratic Party due to the fact that historically it is the party that represents the worker class in America. 

Sunday, October 16, 2011

Government spending our money

Now, I wish to address the issue of Social Security.  As most middle class working people are concerned, Social Security is an entity that was a welcome addition to the New Deal program instituted by Franklin Roosevelt during the Great Depression.  It has been a cornerstone of retirement for working class Americans.  As of late, Social Security’s survival has become a very real concern for working class Americans.  For the record I want to state that working class Americans and most corporations have contributed to the funding of this program.  All working class American have contributed fifteen percent of our income to the program before taxes.  For example, if a person averaged $30,000 dollars a year for fifty years of his or her working life, then the average money contributed results in $220,500.  If you calculate the future value of $4,500 per year at a simple five percent, then after working for fifty years a person would have $892,919.98. If an individual only took out three percent per year, a person would receive $26,787.60 per year.  The money would last for over thirty years and that figure is without any interest being paid on the initial deposit. 

If an individual bout an annuity and it paid four percent per year, an individual would have a lifetime income of $2,976.40 per month.  The politicians in Washington have pulled off a bigger Ponzi scheme that Bernie Madoff.  I have to say that I am not at all happy with the thought of being “ripped off” by the federal government.  The politicians have free healthcare, outrageous benefits package, 67 paid holidays, three weeks paid vacation and unlimited paid sick days.  If you ask me, that’s welfare!  The only question is who is benefitting?  Is it the American people?  I think not.  It is government entitlement.

The politicians have the nerve to call Social Security and Medicare entitlement programs.  As far as I can tell, most people in America have been working all of their lives without the benefit of privilege.  Now that most Americans are at that age when they are hoping to collect the money that should be available to them, it appears that the federal government is running out of money due to negligence. 

This is what my book is about in picture format.  The message of this editorial cartoon is clear.  Where is the parent accountability?  Where is the respect for educators?  If you want to learn and know more, read my book!