The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday. But Bernanke said the Fed believes the crisis will be resolved without significant long-term damage.
The notion that somehow public workers' pay packages are breaking the state budget just don't hold up. These workers' entire compensation package -- salary, health care, pensions, etc. -- make up a tiny fraction of Wisconsin's spending.