I find it interesting that the current class warfare battle lines are being draw between the public and private sector.
The common rationale is that public employees compromise benefits and pay in favor of job security, where the private sector offers greater job growth potential at the expense of security. In a fragile economy, that is not the case. The private sector, facing the reality of decreasing benefits, wage stagnation and massive layoffs is obviously going to raise an eyebrow to public sector unions demanding job security, benefits increases and a system that permits retirements well before what private sector employees could even consider.
In a fragile economy, I think it is appropriate for private sector citizens to question a trend where politicians authorize public sector pay and benefits for political support, or abuse in a system not subject to audit or oversight.
Enough stories have hit the media to expose that corruption, greed and exploitation are not limited to the private sector. Just do a search on what is going on in the city of Bell in SoCal.
The predicted response is to divert the discussion to "hedge fund managers" and "evil CEOs" and "bank robber barrons". It is appropriate to feel outrage and demand action against Wall Street. It is also appropriate to feel outrage and demand action against a public sector compensation system that is simply unsustainable and padded with sweetheart deals handed out as political favors. The $26B bill passed today was a big love letter to teacher unions and first responder unions.
The argument can be made that were private sector citizens more politically active, we could prevent such abuses. Well, you have our attention.