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See-saw debate on wage/work-hour reduction
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Posted on May 02 2006
We fiddle around with time on what the alternative should be: wage or work-hour reduction. Time is no longer in our hands. The next payday will sink in the fact that our government is really broke! There’s nothing perceptual about it either. Join the parade of the historic first Payless Paydays for the NMI.
While we do the see-saw debate on whether bankruptcy is in fact the case of the local government, an AP story of April 26 says that nearly 1,600 schools in Puerto Rico have been closed down. “Some 205,000 public workers are unpaid. Most government offices closed.”
“The U.S. Caribbean territory is staggering under a nearly $740 million budget shortfall and heading toward a grim scenario (last Monday), when it will run out of cash to pay salaries and provide public services if local lawmakers don’t approve the bailout plan.” About the only departments that remain open are the hospital and police.
Ours may be on a smaller scale, but it doesn’t change the fact that our government is broke! The legislature needs to address and resolve the proposed bailout plan now or public sector employees can do the rain and fire dance in hopes that banks would cash their checks.
The situation isn’t about a paper tiger, but a real tiger named Broke!
John S. DelRosario, Jr.
As Gonno
