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01-13-2011, 09:36 PM #1
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Morris: To Save the States, Let ‘em Declare Bankruptcy
Morris: To Save the States, Let ‘em Declare Bankruptcy
By Dick Morris and Eileen McGann
January 13, 2011 9:41 am
14 Comments
Facing huge budget difficulties, New Jersey Gov. Chris Christie has been showing other states how to survive — namely, by taking on the government-employee unions.
Christie’s battles with the teachers unions over the past year have produced countless YouTube hits. And last month, he got a law passed to limit wage hikes from labor arbitrations between the state and public-employee unions to an average 2 percent annual increase.
As New Jersey, New York, California and Illinois — the four with the highest insurance premiums on their bonds — face life without a compliant Congress to approve their pleas for more cash, they’ll increasingly have to follow Christie’s example and rein in their unions.
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