the TRUTH about NYC's transit strike
Forget the sensational crap the mainstream media's spewing about the transit strike. They have a hidden AGENDA.
"The New York transit strike begun today is a blatantly illegal act of economic sabotage by a union so selfish that it is willing to destroy one of the most important business weeks in the city in a last-ditch attempt to preserve privileges that most private sector employees can only dream of — like the ability to retire at age 55 with a full pension, or the ability to not to contribute at all to health insurance costs."It may be true that most private sector employees can't dream about these privileges. But, that can't be blamed on MTA workers and this is NOT a race to the bottom.
The media should give people REAL facts to digest, rather than dishing out propaganda on behalf of financial interests.
The Sun's piece is nothing but an attempted coup by financial interests who would like nothing more than to destroy labor unions and privatize our public transportation system. Private corporations are itching to get their hands on all our public services.
Sure the union is a special interest. But their interests are in line with ALL WORKING people's interests.
WORKING AMERICANS need to SURVIVE, pay ever-growing bills, and FEED and EDUCATE their children.
MTA workers are being laid off every day and as a result, the ones that remain must work longer hours for less pay. Their health and pension benefits are being trimmed every year, while their mortgage payments increase, thanks to our 'friends' at the FED.
This is before considering general inflation, also courtesy of the FED.
Inflation is NOT between 1-3%, as they claim. Statistics lie and so do mainstream media outlets and government officials.
Believe your WALLET and the price of MILK at the grocery store. I pay almost twice as much for milk today than I did this time last year.
Even the Russians admit that inflation is at 11% in their country, which means it's probably much higher than that. It's no different, here.
ENOUGH is ENOUGH.
MTA workers should be supported and applauded for their fortitude, sacrifice, and determination when faced with a media apparatus that demonizes them for demanding the RESPECT that they and ALL working Americans deserve.
The private monopoly of our federal money supply is to blame alongside the MTA's insane financing plans.
The TRUTH about the MTA's budget is that there is no "surplus."
Their so-called "budget" surplus is not a REAL surplus. It's loose change left over after annual interest payments are made. The MTA never, ever plans to eliminate the REAL deficit--it's simply NOT in the budget!
Take a look at the May 2005 summary of MTA's outstanding DEBT. Add up the "average annual debt service" and you get a whopping $1.27 billion in INTEREST payments annually!
And, NYS just borrowed $2.9 billion more, by referendum, last November!!! Obviously, it will mean even higher annual INTEREST, and so on.
Do you see a pattern here?
All of our cities and states are in this position, and so is our federal government. WE are bleeding INTEREST on government bonds.
Even worse, most if not all of this interest is TAX FREE!!!
Think about it.
If NYC didn't pay all that expletive INTEREST on bonds, taxes could be lowered; fares reduced; and workers could keep their paltry benefits.
Instead, $1.27 billion of NYC's MTA revenue gets routed directly to creditors' pockets, not ONE CENT being paid towards principal.
MTA workers are NOT the problem.
INTEREST is the problem and so is our monetary system.
Please, look past the LIES and DECEPTION; the TRUTH is it's either US or INTEREST.