Feeds:
Posts

Archive for the ‘jamestown’ Category

Jamestown presents their Budget.  (a brazen example of out of control, burdensome government)

______________________________________________

Look at these outrageous statistics: Out of an almost a $32 Million dollar budget, 46.1% is for salaries, 28.8% is for benefits.

Thats a total of 74.9% of the budget for the cost of government, and in large part the city’s public sector unions. (almost $24 million, and the Mayor is worried about the $540k increase to state pension funds). Granted we agree that too, is a ridiculous problem with public pensions in NY being on such an unsustainable path, but still that’s a drop in the hat as to the city’s overall problem).

We say NO raises for anyone, union or no union, sorry – no offense – but not one dime, not now, not anywhere, and not in the near future.

Unemployment is over 10% and do you realize that is almost entirely comprised of private sector non-union employment !

For more perspective- Government Grows Too Large For Private Sector. PJ Editorial POSTED: September 20, 2009

You’d have to be some sort of economics wonk to remember a graph that then-Congressman Richard Armey, a trained economist, developed a decade ago to look at the relationship between size of government and the health of the private sector economy.

His analysis recognizes that government is an important ingredient of economic development – to a point.

”Where governments did not exist, anarchy reigned and little wealth was accumulated by productive economic activity. After governments took hold, the rule of law and the establishment of private property rights often contributed importantly to the economic development of Western civilization,” notes a report from the congressional Joint Economic Committee Study of 1998.

However, the study – and the theme of Armey’s graph – is that at some point, further expansion of government contributes to economic stagnation and decline.

How do you know when you’ve reached the point beyond which more government is detrimental?

Seems to us you do not know until you have already passed it. We also hazard the opinion that too much of what government is doing right now propels us ever more quickly there.

Just look at the expansion of government right here in Chautauqua County evident in studies by the state Commerce Department of personal income.

*In 1970, government workers in Chautauqua County earned 14 percent of the total amount of personal income as measured by place of work.

*By 2007, that had grown to 21.6 percent of the total amount of personal income earned in the workplaces of Chautauqua County.

Just last month, the Office of Management and Budget’s update shows that this year, the federal government will increase spending 22 percent to a peacetime-record of 26 percent of the gross domestic product.

Oh, and there’s that estimate from the Heritage Foundation last spring that around a quarter of a million new federal government workers were needed just to spend all of the massive amount of new money in the Obama administration budget.

Again from our own backyard, we see with more frequency the gap between what private sector workers and what those in government experience. The two worlds are disconnected now to a point that the private sector economy is, as Armey predicted, bowing under the burden of carrying a government that is just too expensive.

Consider news out of Jamestown last week about how the costs of government pension benefits are strangling the private sector – while at the same time, more and more private sector workers in the area are responsible for funding their own retirements. As we reported last week, Jamestown has to come up with an extra $540,000 next year to cover a sharp increase in its mandatory contributions to the state retirement fund.

”This is disastrous news for us and every other municipality in the state,” says Mayor Sam Teresi. ”This is going to have a suffocating effect on us.”

Can we pull back from having too much government and its detrimental effect on our economy?

Consider the fight some of the part-time elected Chautauqua County legislators put up when faced with demands that they stop getting health care insurance at taxpayer expense. Consider the fight they continue to put up to keep their number at 25 instead of trimming the size of local government.

Now multiply that determination a millionfold and add in the almighty power of public sector unions, and that’s the resistance you’ll find in Albany and Washington.

Advertisements

Read Full Post »