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FBN’s Lou Dobbs on the disparity between government worker pay in many states and workers in the private sector.
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Tomorrow's elections across the country will determine whether this country will create more opportunity or entitle.
The -- court look at Wisconsin mine despite all the protest over governor Scott Walker's reforms.
Wisconsin public workers are still -- by many measures over compensated.
In fact the average Wisconsin state government worker receives total compensation including benefits of more than 81.
Pounds and dollars.
That's in Wisconsin.
And that compares.
To 67000.
Dollars for -- -- private work.
67000.
-- This is just the beginning of what is a significant gap between private and public workers in this country.
Government workers and private sector workers.
And with that 141000.
Dollar gap.
Well or even larger -- Wisconsin has just won a 41 states think about -- forty.
One states.
In which.
The government work is making significantly more than the private and or unemployed.
And poorly Wisconsin is the norm not the exception the nation's nation's biggest -- by the ways and and senator Harry Reid's got to be proud of this is Nevada.
We're in 2009 the latest numbers available government employees were earning an average of nearly 181000.
Dollars more than private workers.
That in Nevada.
That -- A fifteen.
Pounds -- dollars.
For the government work.
California also one of those -- states but some cities there as we've been telling you're about to change that it appears tomorrow voters in San Jose will decide whether to overhaul pensions for city employees.
-- -- helped to drive the city's budget up.
By a 115 million dollars its deficit a 115.
Million dollars in the latest fiscal year San Jose's camp you're in a row with the deficit.
Police and firefighters there have the largest retirement benefits which climbed as much as -- percent.
-- -- -- 90%.
Of the workers highest salary would you like to retire.
On 9%.
-- pure -- further south San Diego voting on a proposition that would eliminate the city's pension plan.
Replaced with a 41 K type system for new hires except for police officers San Diego also holding a -- -- primary.
An election which were a Republican leading the fight to reduce city pensions and they.
Democratic critics argue is we're kicking his rusty pension and down San Diego's crumbling roads -- -- that's pretty far languages that.
If the pension reform movement gains traction in those cities tomorrow.
They will give momentum.
-- and we will see some more votes in cities across the country.
We're going to on the same road we're on is frankly financially unsustainable the United States right now has combined.
Unfunded pension liabilities.
Estimated to be as high as are you ready for this these are just the unfunded pension liabilities.
Not health care.
-- Unfunded pension three.
-- trillion.
Not.
American enough -- -- and -- you're just three trillion dollar.
Well as Arthur Laffer said earlier in this broadcast.
-- headed toward a wall question is are we gonna stop by hitting -- Or by making a choice in taking responsible action.
Up next some real.
