I wouldn't say that there are many things that I hate in this world, but the Canadian Federation of Independent Business is certainly one of them. They've recently released this story which criticizes the discrepancy between public and private pensions. Now, I agree that this discrpency is shameful and that parity between pensions should be achieved, but certainly not by bringing down public sector pensions. Instead of doing the logical thing- that is looking to strengthen private pensions- they've instead questioned if public pensions should be carried on the backs of taxpayers (who, by the way, also include public sector employees). You can read my analysis of that decision here.
Ken Georgetti, president of the Canadian Labour Congress, is fighting back. Sadly, he's not endorsing the immediate nationalization of the heights of the economy, thus putting more workers under a public sector pension, but he did state “The CFIB’s thinking is upside down and their so-called study on pensions identify the wrong problems...Instead of looking for a rising tide that raises all boats, the CFIB is trying to sink the modest middle-class prospects that public employees have worked hard to achieve.” He has also written this letter to Catherine Swift, the organizations president. However, he's suggested working with the CFIB (instead of smashing them). At least there is some retort on behalf of public sector workers, who would be set to lose big time if the CFIB gains any more power that what it already has.
Wednesday, January 31, 2007
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