Inside the mind of a bureaucrat
Steven Greenhut: In my column for City Journal, I provide insight into how the likes of Treasurer Bill Lockyer think. Lockyer’s basic response to pension reformers: We should get over our pension envy and pay more in taxes. Said Lockyer in a speech last year: “And in my view, nothing is more important in providing for retirement security than preserving the defined benefit pension for those who have it, and restoring and reinvigorating the defined benefit leg of the three-legged retirement stool for those across the country who have lost it in the space of a few short years.” Obviously, don’t expect this crowd to reform pensions.
AUGUST 10, 2012
No comments
Write a commentRelated Articles
Beating A Dead Bill
Katy Grimes: Last week, Gov. Jerry Brown signed into law the Amazon tax bill, AB 1X 28, which charges a use
Gav hits Maldo on taxes
John Seiler: Ya gotta love it. In Feb. 2009, state Sen. Abel Maldonado, by voting for tax increases, sold his
Govt. Stockholm Syndrome Strikes
John Seiler: You’ve probably heard of Stockholm Syndrome, where hostage victims end up identifying with the hostage takers. Here’s Wikipedia’s
It is all in the numbers, the formula.
A 1% multiplier with a minimum retirement age of 68, matching SS, would be OK for a DB. But a 3% multiplier at age 50 is so far out of the ball park it is insane.
Lockyer is a typical RAGWUS scumbag!! 🙂
Lockyer himself is due to get a massive pension whenever he finally leaves government.
It’s called Looking Out for No. 1.
— John Seiler
Lockyer is a certified liar. Life long trough feeder. Never had a real job.
RAGWUS?
RAGWUS: Robert Rizzo And Government Worker Union Scam Bob!
🙂