Thursday, February 23, 2012

Vice president’s visit to Ocean State raises questions over unfunded liabilities, public sector unions

BY:

Vice President Joe Biden visits Providence, R.I., today to raise money for Sen. Sheldon Whitehouse (D., R.I.). The visit—to a city on the verge of bankruptcy, in one of the most financially distressed states in the country—highlights the difficulties governments face when unfunded liabilities become unsustainable.

The Democratic Party’s control of the state is practically unmatched elsewhere in the country. Although Republicans held the governor’s office from 1995-2011, Democrats have dominated practically every other statewide office, and the state legislature in particular.

According to a February 2011 Gallup survey, the state is the third most liberal in the country, with nearly 30 percent of the population identifying as liberals. Democrats currently control 29 of 38 seats in the Rhode Island State Senate, and 65 out of 75 seats in the State House of Representatives, despite a bad year in 2010 when the party lost four seats in each chamber.

Read more: http://freebeacon.com/on-the-rhode-to-greece/

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