As Our Cities Crumble... Feeding the Beast! | Philip A. Farruggio
Philip A. Farruggio -- World News Trust
June 11, 2015
We live in a very shrewd Military Industrial Empire.
Those who run things, the very rich and powerful, created and sustained this phony two-party system to divide us and, more importantly, keep the key issues from our consciousness. Rather than have the American public focus on what really ails our nation, they occupy many of us with gay marriage, abortion, immigration and of course the evil entitlements that are (they say) destroying our economy.
This writer says hogwash! As important as those issues are, they pale compared to what is destroying our economy.
It'll happen pretty soon, when many state and city workers in our biggest municipalities get that letter in the mail. The letter will perhaps inform them that their pension funds are in jeopardy. Many of America's 61 largest American cities have amassed $118 billion in unfunded healthcare liabilities AKA legal promises to pay healthcare benefits to municipal workers beyond the employee contributions to finance these funds.
Imagine if we had "Medicare for All" to help alleviate employers (including government ones) from having to subsidize healthcare? Oh well, that is but the "tip of the iceberg" for our economic woes.
The right wing would love to have us believe that it is those "lazy government workers" that cause all our city and state woes. More Hogwash!
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