Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Friday, March 16, 2012

New York cuts pension benefits for public workers

(Reuters) - New York state lawmakers approved pension reform that will save an estimated $80 billion over 30 years, largely by reducing benefits for newly hired state and local public workers, which union officials Thursday blasted as an attack on the middle class.

This is called capitalism.

http://www.reuters.com/article/2012/03/15/us-newyork-pensions-idUSBRE82E0OF20120315?feedType=RSS&feedName=domesticNews