Saturday, February 18, 2006

Politicians Say "Let Workers Eat Cake" On Pensions

CNNMoney has published a great column today about how politicians regurgitating right-wing talking points about how American workers should just get used to massive pension cuts have no problem taking such a hard line because their pensions are lavish and guaranteed. As he says, "In the coming months, when you hear various elected officials bemoan the state of pensions and the need for reform [aka. cuts] keep this in mind: They got theirs and it isn't going away ... that would take an act of Congress." You may recall that legislation was offered in 2003 to force Congress to convert its pension plan to the same kind of "cash balance" pension rip-off scheme politicians and the Bush administration was trying to legalize. The result of that debate was simultaneously hilarious and sad.

New Steelworkers SOAR Podcast available.

1 comment:

torporindy said...

I thought you might find this article interesting.
37 million poor hidden in the land of plenty

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