BART Strike Highlights More Than Just Compensation Issues
BART Strike Highlights More Than Just Compensation Issues
The four day BART strike that ended on July 5th provided ample evidence of how public sector union power can inflate wages – and expectations – far beyond what the rest of us may consider normal or fair. In a July 1st editorial entitled “Striking BART workers out of touch with financial reality,” the Contra...
By Edward Ring
Employee Freedom Week – Know Your Rights
Employee Freedom Week – Know Your Rights
California is a forced unionism state, meaning that once a collective bargaining unit is recognized by an employer, it’s pretty hard for any employee to avoid paying union dues. But even in forced unionism states, employees have rights. “National Employee Freedom Week” was initiated in Nevada last year by the Nevada Policy Research Institute, and...
By Edward Ring
Preserving America's Middle Class
Preserving America's Middle Class
To say America’s middle class is threatened is a common refrain. But there is no malevolent force operating to shrink America’s middle class. America’s middle class is challenged by the momentum of history. Technology automates jobs at the same time as the capacity of foreign manufacturers continuously improves. At the same time, American taxpayers confront...
By Edward Ring
Merge Social Security and Public Sector Pensions
Merge Social Security and Public Sector Pensions
When solutions to the challenge to provide retirement security to American citizens in the 21st century are considered, they typically address either social security or public sector pensions, but rarely focus on both of these systems together. But when considered together, as systems that each have unique strengths and weaknesses that might be combined in...
By Edward Ring
How Interest Rates Affect the Federal Budget
How Interest Rates Affect the Federal Budget
The relationship between stagnant economic growth and high levels of total market debt should be clear to anyone trying to manage a household where their home mortgage payment consumes 50% or more of their entire household income. Similarly, the relationship between economic growth and the ability to borrow should be clear to anyone who has...
By Edward Ring
How Big Are California’s State and Local Governments Combined?
How Big Are California’s State and Local Governments Combined?
June 21, 2013 By Bill Fletcher and Ed Ring SUMMARY: California’s local governments and agencies spent far more in FYE 6-30-2011, $316 billion, when compared to spending for direct state government operations, $49 billion. Similarly, using realistic assumptions regarding the value of unfunded retirement pension and healthcare obligations, the amount of long-term debt carried by...
By Edward Ring
How Public Sector Unions Skew America’s Public Safety and National Security Agenda
How Public Sector Unions Skew America’s Public Safety and National Security Agenda
It would be redundant to summarize recent revelations concerning just how big America’s national security state has become. Two reports, both written in the last two days, do a really good job: “The Making of a Global Security State,” by Tom Engelhardt, published by The Nation Institute, and “5 Alarming Things We Should Have Already...
By Edward Ring
Why Public Sector Unions are “Special” Special Interests
Why Public Sector Unions are “Special” Special Interests
California’s November 2012 statewide ballot included Prop. 32, the “Stop Special Interest Money Now” initiative. Among the provisions included in this campaign finance reform measure was the requirement that public sector unions obtain permission from each member prior to using a portion of their dues to support political campaigns. It’s hard to precisely determine just...
By Edward Ring
Public Employee “Pay Transparency” Efforts Fall Short
Public Employee “Pay Transparency” Efforts Fall Short
Last week the California Public Policy Center released a compilation of public employee compensation databases. Apart from the CPPC’s own studies that disclose and evaluate compensation for city workers in San Jose, Anaheim, Costa Mesa, and Irvine, as of May 2013, they found nine additional sources of information on California’s state and local government employee...
By Edward Ring
Moody’s Final Adopted Adjustments of Government Pension Data
Moody’s Final Adopted Adjustments of Government Pension Data
June 2, 2013 By John G. Dickerson About the Author: John Dickerson is a financial professional living in Mendocino County who is involved in public sector pension analysis and reform. Dickerson focuses on the impact of unfunded pension debt on the 21 California counties that operate their own independent Pension Funds. He is a financial...
By Edward Ring
Reforming Public Sector Unions and Public Sector Pensions is NOT “Anti-Worker”
Reforming Public Sector Unions and Public Sector Pensions is NOT “Anti-Worker”
An incoming email responding to last week’s UnionWatch editorial “Los Angeles Police Union Attacks CPPC Study” included the following statement: “While you profess not to dislike public employees, it is clear that you disliking public employee unions. Interesting—so you might like a public employee or two individually, you just dislike when those individuals organize to...
By Edward Ring
Los Angeles Police Union Attacks CPPC Study
Los Angeles Police Union Attacks CPPC Study
On May 17th the Los Angeles Police Protective Leagues “Board of Directors” authored a post on their LAPPL blog entitled “Inventing the headline number,” attacking the research and the motives of California Public Policy Center. Here’s how the post began: “The playbook is familiar now—gin up a study on public pensions and government debt to be...
By Edward Ring
The Public Sector Union Campaign to Own the Mayor of Los Angeles
The Public Sector Union Campaign to Own the Mayor of Los Angeles
One week from today in what is predicted to be a low-turnout election, voters will elect a new mayor to lead California’s largest city. Because the mayor manages the 47,000 employees of the City of Los Angeles, at least 47,000 voters employed by that city have a strong interest in who wins. But these workers...
By Edward Ring
School Board in Colorado Refuses to Negotiate with Teachers Union
School Board in Colorado Refuses to Negotiate with Teachers Union
Douglas County Colorado lies immediately south of Denver, but is worlds apart politically. While Denver is a Democratic stronghold in this battleground state, Douglas County is registered 49% Republican, 22% Democrat, and 29% independent. What happens in places like Douglas County may not be easily replicated in California, unless you believe, as we do, that...
By Edward Ring