Ideology and Wishful Thinking 0
Tom dissects Republican economic theory in response to a commenter (identified as Mr. K) on his blog. A nugget:
And what gets me is the way that folks like Mr. K. seem to think two things:
First, that contracts may be binding for thee and me, but not if your contract happens to be collectively bargained and between an individual and the state. The cop who started work ten years ago signed on to a challenging, difficult and sometimes dangerous job in exchange for a defined compensation package. Now we should throw this away? I don’t think so.
Second, that whatever we pay our civil servants is always too much, and hence ill-gotten, which is why it is OK not (sic–I think he meant “to”–ed.) cut people’s pay while expecting them to provide the same labor.
