When Will The Bleeding Stop?
When will the bleeding stop?
Bing wants the answer as it relates to the city's budget, but union leaders say they're feeling the pain, too.
"We know the unions have to give some concessions, but this is an administration and a mayor that wants to lay off 1,000 people and still expects the workers left to take a 10% pay cut," said Catherine Phillips, chief negotiator for the American Federation of State, County and Municipal Employee locals that represent city employees. "He can't just gut our contract, and he can't have everything."
Bing has challenged the 11,500 unionized employees to agree to a 10% pay cut by Aug. 28 to save the city between $8 million and $10 million. Contract negotiations hit another snag Tuesday, when the city and unions agreed to bring in a mediator for the next bargaining session -- making it nearly impossible for any agreements to be reached by Aug. 28.
Also, Bing told pension trustees of the general retirement system Wednesday, uniformed officers could be subject to the 10% pay cuts. "I've got to be as fair as I can, and nobody is protected," said Bing.
Starting September 1st....millions of state, county and local workers face massive wage cuts and job losses.......many are wary as their decreasing salaries are simply not enough to meet their monthly expenses....especially the interest they must pay bankers. The bankers who just raised the interest on their credit cards and the same bankers they just help bail out.
Yup...those selfless bankers, some of whom got tens of millions in bonuses from taxpayers....EACH....while 11,000 workers must take paycuts becuse the city of Detroit borrowed too much from those bankers (money those bankers never had in the first place) and lost millions because of investments those bankers put the city into....sometimes the bankers profiting on the other side of the trade?
Yes my friends...America is bleeding.......and the bankers are standing above you laughing while holding the knife.....maybe you are the next one to be cut because your employer can't afford to pay interest and your salary at the same time? Maybe not...maybe its your customers that can't pay you because they borrowed too much or their customers can't pay them.....
The Zombulator never stops....until there is no blood left.