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The unemployment rate for government workers in May was 4.2 percent -- less than half the rate of the private sector. State tax revenues rose 4.1 percent in the first three months of this year, more than twice as much as the overall economy grew that quarter.
So when government workers have been laid off, it's rarely been due to a lack of funds. Most layoffs have occurred because the leaders of public employee unions chose them over trimming exorbitant benefit packages.
Many government workers -- though fewer than we have -- do valuable work. But all are consumers of wealth. Adding to their numbers makes our fiscal problems worse.
posted by
Corbin_Dallas
on June 21, 2012 at 8:16 AM
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home values
they were grossly inflated during the housing boom
developers charged what the buying public would pay mainly and the banks would finance -- for a fake economic boom - any deflation in that has probably brought home values to a more honest level.
and about unemployment -- it is interesting that a lot of that is in the public sector -- state gov't jobs lost because of the current frenzy to cut state government by Republicans, who then blame the Democrats for the job losses . . . .
posted by
Xeno-x
on June 21, 2012 at 6:21 AM
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