states are going bust because they cannot afford to pay the union imposed pensions of the state worker unions. scott walker reversed that tain the state of wisconsin. that sends a message across america. what is happening all over the country is younger workers are being laid off in order to pay the pensions of retirees. that is not popular. service is cut, young people out of work, it s blamed on the union pension demands. scott walker reversed that. that sends a message across the country that he was prepared to take them on and win politically. chris christie won in new jersey. sean: look at that. while the countedry s being downgraded, our triple-a rating is gone. ohio went up and has 100,000 new jobs, wisconsin has 30,000 you new jobs. christie and bobby jindal t. seems to me what is happening in these states is the prescription for the country overall, the federal government.
really very similar to kind of the sham we re seeing in the public sector, where you have, you know, republican governors saying that it s the unions and there are pension demands, when the truth is, these pension funds very oftentimes are diminished because of poor financial management on the part of the state. so it seems like we re having a similar problem both in the public sector as well as in the private sector. these are seen as piggy banks, effectively. yes. and there are parallels with the public plans. the same consultants who are helping sploirs cut benefits and often hide the cuts from people were the same ones that were helping the public plans increase the benefits, but hide the growing underfunding that they re experiencing. so it was a group of people essentially passing the buck to the future at the expense of current and future and those people are pension managers, state governors, ceos, board members in collaboration with financial industry executives? that