Greek Union Workes Riot as Benefits Slashed
From: the Washington Post the latest unemployment figures released Friday who an increase from 9.7 percent in March to 9.9% in April, this figure is an average of all claims across the country. In Georgia, for instance, the unemployment rate is now at 10.6% (Atlanta Journal Constitution) and despite claims of jobs added, it appears that the recovery will continue to grow at a slower than anticipated pace. (Note: Inflation is also rising on food and fuel a la Carter, while analysts are touting a 2% inflation rate that does not include fuel and food)
As the situation deteriorates in Greece due to a policy of government entitlements, specifically government unions who represent government employees, the bankrupt State of Greece has turned to the IMF to bail them out to the tune of 40 Billion dollars – who is the largest contributor to the IMF? the American Taxpayer.
As the present administration continues to promote programs that increase the number of entitlement programs, specifically adding members to the National Federation of Federal Employees somehow affiliated with the Association of Machinist and Aerospace workers, the AFGE who represents DC and Federal workers, Of interest, the Bureau of Labor Statistics, estimates that approximately 15.3 million American’s are union members and a recent New York Times article follows with the headline Most U.S. Union Members Are Working for the Government, New Data Shows”> these, according to the Times, far outnumber those non-union members who work in the private sector.
The what if: the U.S. Debt Crisis becomes so severe in the next two to three years (Investors.com), that the benefit and entitlements now given to those holding union government jobs, are unsustainable and either must be cut or eliminated?
Greece.
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