Unions are not a "sustainable business" anymore.

University of Oregon President Begs Legislators for $800 Million and Says "We are Not Asking for More Money"

This is the "next shoe to drop" issue facing the economy. Unions are about to get a lesson in simple economics. When there is NO appetite for debt then there pension plans will collapse. Money has been "free and easy" for years and now they're about to pay the price.

Currently Pension Plans are "underfunded" by about 3 Trillion dollars. The only way to fund them is with bonds or some other debt instrument. With Americans de-leveraging away from debt, Unions and their ridiculous pay structures are next on the chopping block.