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From the Wall Street Journal comes this depressing news:
"If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government."
"It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?"
Bingo..and that's why we cannot continue going down this path.
The government is paying out more than it is taking in.
There are less people to pay in to keep the government afloat the way it is.
There is no magic bullet to "find more money". The CUTS have to happen.
Funny that the WSJ is complaining about manufacturing. The U.S. has not been a manufacturing giant for almost 50 years. Selective comparison? Nah, couldn't be...not from the WSJ.
Here are a few items the Journal should take into consideration:
That's an almost 11 to 1 ratio. Walmart is one of the largest U.S. employers (as well as the world). Is Walmart a manufacturing company? The largest non Oil-Gas company (which is technically not manufacturing) was GE (which is also not majority manufacturing as well).
The Journal (in my best Ricky Ricardo voice)...has some splainin' to do.
That's an almost 11 to 1 ratio. Walmart is one of the largest U.S. employers (as well as the world). Is Walmart a manufacturing company? The largest non Oil-Gas company (which is technically not manufacturing) was GE (which is also not majority manufacturing as well).
The Journal (in my best Ricky Ricardo voice)...has some splainin' to do.
Another right wing employment fallacy blown up.
Funny that your link is only State Government employees..... we also have federal and local government employees.
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