Works and Days » A Rather Angry America: "Unemployment is still high, growth low, deficits huge. States are cutting out everything from streetlights to paving. Public pensions are exploding everywhere.
A class war looms between retirees who want their sweet-heart obligations honored, and strapped, poorer taxpayers who feel about those bloated payouts as they do their underwater mortgages.
What Did You Expect?
In a progressive culture, where ads blare hourly about skipping out on credit card debt, shorting the IRS, and walking away from mortgages, did the public employee unions really think they were exempt from a Chrysler-like renegotiation?
In the age of Obama, there is no real contractual obligation: everything from paying back bondholders to fixing a BP penalty is, well, “negotiable.” When the money runs out, the law will too. Law? There is no law other than a mandated equality of result.
The Talkative Crowd
On the Internet recently appeared the pictures of the JournoList bunch, who at least between themselves gave up their usual pretense that the media was unbiased. With all due respect (confession: I was briefly mentioned by the list as someone that the racist card might work on in connection with the illegal immigration debate), they appear to the eye as a sort of nerdish group.
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