In state after state, politicians are following the Rhode Island playbook, using scare tactics lavishly funded PR campaigns to cast teachers, firefighters and cops – not bankers – as the budget-devouring boogeymen responsible for the mounting fiscal problems of Americas states and cities. Not only did these middle-class workers already lose huge chunks of retirement money to huckster financiers in the crash, and not only are they now being asked to take the long-term hit for those years of greed and speculative excess, but in many cases theyre also being forced to sit by and watch helplessly as Gordon Gekko wanna-bes like Loeb or scorched-earth takeover artists like Bain Capital are put in charge of their retirement savings. Its a scam of almost unmatchable balls and cruelty, accomplished with the aid of some singularly spineless politicians. And it hasnt happened overnight. This has been in the works for decades, and the fighting has been dirty all the way.
Posted on: Thu, 03 Jul 2014 02:28:08 +0000
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