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I can tell you why I think so. When private sector unions negotiate an impossible deal with their employer, the employer goes bankrupt. When public sector union
by ak217 10y ago
I can tell you why I think so. When private sector unions negotiate an impossible deal with their employer, the employer goes bankrupt. When public sector unions negotiate an impossible deal, we all end up paying more taxes to make it possible.
In the US, the federal and state governments are functionally and legally unable to undergo bankruptcy. Although municipal governments can technically go bankrupt, only five cities have done it since the Great Recession, and none of those bankruptcies actually resulted in significant debt shedding. In that same timeframe, hundreds of thousands of businesses went through bankruptcy.