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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: axial who wrote (108736)2/23/2010 4:57:48 AM
From: John Metcalf1 Recommendation  Read Replies (1) of 116555
 
Jim, you raise a straw horse. Of course, "during the term of the contract", a union may refuse to re-open the contract, and a court will affirm that right, because it is contractual.

I do not say an untruth! You find a tiny cavil because I left out "during the term of the contract" as if that would void the statement of "no recourse because any court will enforce its written contract, affordable or not". Of course, the court would do that only during the time the contract is in force.

I did not claim "in perpetuity". What I say is that: 1) Right Now there are many unaffordable contracts with (State/municipal) public employee unions. 2) If the means to satisfy the contracts do not exist, then the contracts will not be fulfilled. 3) To the extent that public employee contracts have been SET IN LAW, there is no choice for the courts but to enforce them.

Therefore! (figure out what must happen)
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