Thursday, May 27, 2010

Big Gov - next bubble to burst

After big government spending, government employee unions pose a serious threat to America's fiscal health. Over the past 30 years, union membership has declined significantly, from 23% of all workers in 1980 to about 12% today. But the percentage of union members working for government has soared: Over 50% of all union workers in the U.S. are employed by the government compared with only 17% in 1980.

In addition, government workers make about $10 per hour more than the average private sector worker.

Source: NEWT DIRECT
Government: The Next Bubble To Burst
May 27, 2010 11am
By Newt Gingrich and Dan Varroney
Investor's Business Daily

http://www.newt.org/newt-direct/government-next-bubble-burst

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