Charles Krauthammer has an excellent column in today’s Washington Post on the current debt crisis at the State and Federal level.
From the column:
“In the private sector, the capitalist knows that when he negotiates with the union, if he gives away the store, he loses his shirt. In the public sector, the politicians who approve any deal have none of their own money at stake. On the contrary, the more favorably they dispose of union demands, the more likely they are to be the beneficiary of union largess in the next election. It’s the perfect cozy setup.”
Cozy is a nice way of putting it. I’d say it’s more than a little corrupt. I would call it money laundering.
I like his use of the tale from Roman history of Julius Caesar crossing the river Rubicon to describe where we stand. Time to be bold and move forward. No turning back!