Wednesday, April 07, 2010

Experts: Down economy makes Michigan open to 'try new things'


Experts: Down economy makes Michigan open to 'try new things'
"Michigan could bounce back if leaders take 'a bold stroke or two,' said Joseph Lehman, president of the Mackinac Center for Public Policy, a Midland-based free-market think tank.
One of those strokes is bringing state government employee benefits in line with the private sector, Lehman said.

'That would amount to $5.7 billion in annual savings,' Lehman said.
The reduction in turn would attract businesses and create jobs, he said.

Gov. Jennifer Granholm has proposed a plan that would encourage 7,000 state government workers and 39,000 public school employees into retirement to address a state budget crisis.
And House Speaker Andy Dillon, D-Redford Township, who is running for governor, has proposed that state and local workers as well as teachers be lumped into a statewide pool for health care benefits, a plan that would save up to an estimated $900 million a year.

Unions oppose both plans."

Michiganders!
Understand just who our economic enemy really is!

1 comments:

Anonymous said...

Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."

The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.

http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F