Tuesday, March 02, 2010

Food for thought

The costs of the recession are becoming due. Whose paying, the capitalists or the workers? In Canada, our 'prorogued (suspended) parliament is getting set to return with a monster budget of punishment for the workers to balance the budget put heavily into deficit by the billions given to corporations as bail-out money. "Tories target Civil Service Pensions" is the headline in the Toronto Star (Feb 20 2010). The pensions are described as 'gold plated' mainly because workers in other sectors have none.

Thus we have a deliberate attempt to get one section of the working class to see public servants as the villains. Those 'gold plated pensions" actually amount to an average of $23442/year and for recent retirees, $33519. Neither amount would enable one to buy anything gold plated!

Joel Harden, the Canadian Labour Congress' pension specialist commented," We can't solve this problem by beginning a race to the bottom. We will solve this problem by emulating the pensions of the public sector, not destroying them."

The public servants also point out that those who want to reduce their pensions, the members of parliament, (for the benefit of the capitalist class) do quite well, e.g. former PM Martin (already a wealthy shipping magnate) qualifies for $167 051/year and NDP MP, Bill Blaikie, who never held any ministerial position, will get $122 224.

John Ayers

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