Thursday, October 15, 2009

Baltimore is Bankrupt

Sometimes I think Mish goes a little overboard when it comes to solutions. Bankruptcy is the way out, but I disagree with privatizing fire fighters. De-unionizing them, yes. But there are important societal functions that shouldn't be run with a profit motive. I think.

8 comments:

Anonymous said...

The public sector has no exclusive right to perform any function....quality is not an exclusive ability of a government employee...or union member for that matter...the question is how to provide quality and affordable services to the community. I am more concerned about waste fraud and abuse in government than I am an enterprise making a profit.

chickenlittle said...

But there are important societal functions that shouldn't be run with a profit motive.

Is there really room for something between federalism and feudalism?

Rob Dawg said...

Wages and benefits for firemen should be reduced until you can only attract 10 qualified applicants for every open position instead of the 1500 we get now.

amigauser said...

Reduce their benefits, see how fast the cops become armed robbers (e.g. brazil), see how fast the firemen come thieves etc.

You act as if you can reduce benefits and still have honest public officials, if you get your way, you will get live in your Brazillian wonderland sooner than you think

tesla said...

amigauser- cops make a lot more money now than in the past. Were they all armed robbers when they had worse pay and benefits? In my state median police officer pay is higher than median engineer pay- it's a joke.

Lou Minatti said...

Reduce their benefits, see how fast the cops become armed robbers (e.g. brazil), see how fast the firemen come thieves etc.

No need to look that far. We saw it in New Orleans on live TV in the aftermath of Katrina.

The enormous gold-plated pensions are the real issue, not salary. As a society we simply cannot afford legions of 50-year-old retirees getting full pay and complete medical coverage in perpetuity.

Chris said...

"The enormous gold-plated pensions are the real issue, not salary. As a society we simply cannot afford legions of 50-year-old retirees getting full pay and complete medical coverage in perpetuity."

Exactly. Many of these people will spend more years in retirement than working for the fire or police departments. While the pension accrual rules could conceivably be changed, it would only apply to those working years that haven't accrued yet. We're still stuck with the bill for the years that have already accrued. The only conceivable way out of these obligations appears to be bankruptcy.

The public sector unions have corrupted several major cities. You have various political appointees overseeing wages and benefits for unions who throw their support behind politicians who give them handouts while publicly humiliating those who don't. Some of these politicians were once high-level union officials themselves. There are clear conflicts of interest here that are not being addressed.

Anonymous said...

We used to not have police, which are a theoritical creation of the Progressive era. We had sherffs. You were supposed to protect your person and property. Others were not to be taxed for you or your things.

Oddly, when people were responsible, they were responsible. Now they are not, are discouraged. People with children might nottice this simple behaviour of stripping responsibility and how counter productive it is.

I once told a police man that I wished they'd all take a couple of years off. Then the criminals would all rise up such that we, the vast majority, could gun them down, and then we would have a generation of peace.

I really believe the security beurocracy loves crime, laws, ordances, codes, safety this safety that. Keeps them all fully employed with arrests, bookings, jailings, court dates, prisons, appeals, parole, forms, reports, schooling and finally retirement.

We may not make much anymore in the US, but we are a 'busy' people.