It’s Happening!...

For over a year I’ve been saying “the worst is yet to come,” because I knew this Keynesian-triggered recession would not be brief and would NOT spare those usually spared – government workers.

Back on January 11^th, 2009 I said, “Think things are bad now?

Wait till we see tens of thousands of cops, teachers and other Municipal workers getting pension “buyouts” of pennies on the dollar, screaming about the “broken trust.”

http://workingclassconservative.blogspot.com/2009/01/coming-economic-strom-and-what.html

Aside from taking credit for yet more prescient prognostication, I take no pleasure in documenting how right I’ve been.

Today, California teeters on the edge of bankruptcy and about a dozen states are not very far behind, if behind Cali at all.

In New York, the MTA is laying off 1,100 transit workers. The City of New York is looking at massive layoffs of teachers, police officers and firefighters and New Jersey is facing the same kinds of draconian cuts.

Yes, a lot of those spoiled, insular Americans (mostly government workers) who wrongly thought they were immune from recessions are finding that’s far from true!

Turns out that the law of gravity applies to them too.

Fact is, without a vibrant PRIVATE sector, there can’t be a large, well paid PUBLIC sector.

NEED counts for nothing.

If NEED made those jobs necessary, OR if public sector jobs “were as good for the economy as private sector ones,” then Zimbabwe could find prosperity by merely hiring an Army of bureaucrats!

No, a country must first produce goods and services in demand by others in order to afford to care for the “needs” that the public sector services provide for.

And make no mistake, this is just the beginning! The WORST is STILL “yet to come!”

I’m not at all happy to say that.