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When I worked as an employee benefits actuary, there were 3 occasions where my firm was hired by towns to see what the savings would be if (1) public employees switched from pensions to 401(k)'s, and (2) public employees paid the same percentage of their healthcare costs as the average taxpayer in the town.
They were very cool studies. In all 3 cases, we determined that those actions would save each household about $1600 per year in property taxes. Those changes were not implemented in any of the 3 towns, and by coincidence all 3 towns were run by Democrats.
What that means is this. The average family pays $1600 per year just for the portion of public benefits that go beyond what's available to everyone else.
I'd like someone, anyone, to tell me why public employees have the right to take $1600 away from my kids each year, just so they can cling to benefits that don't exist anywhere else. Why is their financial security more important to society that the security of my kids?
And as a side note, that $1600 annual surcharge was at existing property tax levels. Now that towns are realizing they can't come close to paying for what the unions demanded, taxes will go up, menaing that annual surcharge will be much more than $1600.
Anyone in a union out there, please tell me why you deserve that money and those benefits. I'm a rational, reasonable guy, alwaya willing to listen.
Chris Christie for president!!
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