Monday, January 3, 2011

No Bailouts for Government Unions

Heritage   "The problem with government unions is that, unlike the private sector, governments have no competitors. If a union ends up extracting a contract from a private firm that eats up too much profits, that firm will lose out to the competition. But when a union extracts a generous contract from government, there is no check on that spending. Instead of being disciplined by more efficient competitors, the government just pays for higher spending with higher taxes or borrowing."
http://terrellaftermath.com/

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